Series 53: Auction Rate Securities (ARS)

Taken from our Series 53 - MSRB Municipal Securities Principal Qualification Exam

Definition of the term Auction Rate Securities (ARS)...

long-term investments whose interest rates or dividend payments reset at frequent intervals by auctions, typically every 7, 14, 28, or 35 days.

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Solomon Exam Prep Study Materials for the Series 53
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