Business, 13.03.2020 19:24, genny42

A dealer buys 10,000 shares of ABC common at $15 for its inventory. One week later the stock is quoted at $18 - $19, and a customer buys 100 shares from the dealer at a net price of $20.

Under the FINRA 5% Policy, a fair and reasonable mark-up is based upon which price?

a. $15
b. $18
c. $19
d. $20

Answers: 3

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A dealer buys 10,000 shares of ABC common at $15 for its inventory. One week later the stock is quot...