This week’s study question from the Solomon Online Exam Simulator question database is now available.
Question (Relevant to the Series 7, Series 52, and Series 53):
The spread in a municipal underwriting is equal to:
Answers:
A. the manager’s fee plus the total takedown
B. the manager’s fee plus the additional takedown
C. the additional takedown plus the concession fee
D. the total takedown plus the additional takedown
Correct Answer: A. the manager’s fee plus the total takedown
Rationale: The spread consists of the manager’s fee plus the total takedown. The total takedown may be further broken down into the additional takedown and the concession fee.
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