SIE - Securities Industry Essentials Exam

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A customer is buying mutual funds and wants to take advantage of a breakpoint to save on the front end load charge of the Class A Shares. She writes a Letter Of Intent. How long is the maximum period of time the customer can fulfill the purchase via the LOI?

30 days
A
6 months
B
12 months
C
13 months
D

Explanations

The LOI is good for 13 months.

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