American_Bankers_Association
CTFA · Question #238
Letter stock is:
The correct answer is D. Privately placed common stock that cannot be immediately resold to the general public. See the full explanation below for the reasoning.
Investment Management
Question
Letter stock is:
Options
- AA handwritten certificate representing a corporate IOU
- BA mass mailing offering a security for sale
- CSecurities issued by the United States Postal Service
- DPrivately placed common stock that cannot be immediately resold to the general public
How the community answered
(53 responses)- A11% (6)
- B2% (1)
- C6% (3)
- D81% (43)
Topics
#letter stock#private placement#restricted securities#common stock
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