Series 7 - General Securities Representative Exam
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A client wishes to sell one of her municipal bonds. Which of the following announcements is her broker likely to make?
Offer-wanted
A
Bid-wanted
B
TRF
C
DVP
D
Explanations
The broker could make a bid-wanted announcement. This will still maintain privacy, but allow other potentially interested parties that there is a municipal bond for sale. TRF is a trade reporting facility and DVP is delivery versus payment