FINRA Series-7 Question Answer
Big Easy Investment Banking, Inc., is participating in an Eastern account underwriting of $10 million of municipal bonds by agreeing to underwrite 10% of the issue. One week later, $4 million remains unsold but Big Easy has distributed $1.5 million of bonds.
What is the liability of Big Easy remaining in the account?
FINRA Series-7 Summary
- Vendor: FINRA
- Product: Series-7
- Update on: Jul 25, 2025
- Questions: 400
