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Business, 17.03.2020 05:15 geliyahmoore1

A registered representative sells 1,000 shares of ABC for a customer at $30 per share, the current market price, with instructions to send the proceeds once the trade has cleared. On March 16, the board of directors for ABC declares a 3-for-2 split payable April 10 to shareholders of record on March 29. The customer receives a check for $20,000 and complains about the shortfall. In reviewing the customer's claim, the most likely finding would be that the customer:.

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