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Business, 07.06.2020 05:00 ayoismeisalex

A dealer buys 10,000 shares of ABC common at $20 for its inventory. One week later the stock is quoted at $22 - $23, and a customer sells 100 shares to the dealer at a net price of $21. Under the FINRA 5% Policy, a fair and reasonable mark-down is based upon which price?

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A dealer buys 10,000 shares of ABC common at $20 for its inventory. One week later the stock is quot...

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