Series 51: Exercise

Taken from our Series 51 Online Guide

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Exercise

Fill in the blank

1. When an issuer solicits bids for the offering and chooses an underwriter based on the lowest cost to the issuer, it is called a _____.
2. _____ involves the reselling of municipal securities that have been sold back to the issuer by previous investors.
3. The process of purchasing any part of a new issue of municipal securities from the issuer and

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