Series 7 - General Securities Representative Exam

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All of the following constitute good delivery of 1200 shares of stock EXCEPT:

1 certificate for 580 shares, 1 certificate for 620 shares
A
1 certificate for 900 shares, 1 certificate for 200 shares, 1 certificate for 50 shares, 1 certificate for 40 shares, 1 certificate for 10 shares
B
1 certificate for 1100 shares, 1 certificate for 80 shares, 1 certificate for 20 shares
C
1 certificate for 500 shares, 1 certificate for 400 shares, 1 certificate for 300 shares
D
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Explanations

Good Delivery for stock is Certificates that add up to 100 shares, Divisors of 100 shares, Units of 100 shares (round lots).580 and 620 are not multiples of 100, divisible by 100 and they two certificates do not add up to 100

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