A client sells stock in a regular way trade in a listed stock on Friday. The client knows that settlement takes place in 2 days and asks the representative if the funds will show in his account on Sunday. The representative should tell the client that the settlement date when the proceeds will be reflected in the account will be:
A. that Saturday
B. the Monday following that Sunday
C. the Tuesday following that Sunday
D. the Wednesday following that Sunday
Answers: 1
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A client sells stock in a regular way trade in a listed stock on Friday. The client knows that settl...
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