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Most Certificates Are Held by the Depository Trust Company as Custodians

Question 146

Multiple Choice

Most certificates are held by the depository trust company as custodians for the trustee for the benefit of the certificate holders, and the notice of book entry is made to the certificate holders simultaneously with the distribution. The actual certificates, but instead only possess a record of ___________.


A) Where they are?
B) What they have?
C) When they purchased?
D) All of these

Correct Answer:

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