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Social Studies, 04.11.2019 21:31 berniceallonce22

All of the following statements concerning municipal securities transactions are correct except: (a) the settlement date for securities transactions is referred to as a business day. (b) the settlement date for a regular way transaction in municipal securities is the second business day following the trade date. (c) the trade date is the date used to calculate price and interest. (d) the settlement date for a cash transaction in municipal securities is the trade date.

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