Series 6 - Investment Company And Variable Contracts Products Representative Exam
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A closed-end investment company:
Has a single offering of shares. May issue common and preferred stocks and debt securities
A
Has a single offering of shares. Sells full and fractional shares. May issue common and preferred stocks and debt securities
B
Sells full and fractional shares. Has an ex-dividend date that is set by the board of directors
C
Has an ex-dividend date that is set by the board of directors
D
Explanations
A closed-end investment company has a single (not continuous) offering of shares, sells full shares only, may issue both stock and debt securities, and has an ex-dividend date determined by a self regulatory organization (SRO), not by its board of directors.