Series 51: Spread

Taken from our Series 51 - MSRB Municipal Fund Securities Limited Principal Qualification Exam

Definition of the term Spread...

the difference between two prices, such as the bid and ask of a listed security, the futures prices from two delivery months of the same commodity or two maturity dates of the same bond, or the price paid to an issuer of securities and the price paid by the public.

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Solomon Exam Prep Study Materials for the Series 51
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