A market-maker has purchased a particular stock over a period of time for prices as high as $9 per share and as low as $3 per share. The average cost is approximately $6 per share. The current NASDAQ quote for the stock is 5 to 5.25. According to the FINRA Conduct Rules, the dealer's offering price to the public should be based upon:
A)the current market for the stock
B)$3
C)$9
D)$6

Question

Quizplus · Accepted Answer

the current market for the stock. FINRA rules require the markup to be based upon the current market price.

A Market-Maker Has Purchased a Particular Stock Over a Period