Series 7 - General Securities Representative Exam

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An instrument evidencing a pro rata share in a specified pledged revenue stream is known as a(n)

YTC
A
TRAN
B
AMT
C
COP
D

Explanations

A COP is a Certificate Of Participation . The holder of it is entitled to receive a participation in the payments form a particular project. YTC is Yield To Call, AMT is Alternative Minimum Tax. TRANs are short term tax and revenue anticipation notes.

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