at 2:00:00 Time Left: 1:41:47 Fatima Peracha: Attempt 1 Question 7 (1 point) 2 Listen Mary Moneypenny is an Investment Advisor for a Canadian Investment Dealer firm. On Tuesday Ms. Moneypenny visits a client and discusses an IPO her firm is underwriting. At the end of the meeting, her client agrees to purchase 500 shares at the $20 offer price. Ms. Moneypenny accepts the cheque and leaves the prospectus with her client. On Friday, her client calls and asks to cancel the order as he believes the forecasts in the IPO are too optimistic. Ms. Moneypenny: a) is under no legal obligation to cancel the order because the client waited too long to notify her. Ob) is legally obligated to cancel due to both the Withdrawal and Rescission rules. Oc) is legally obligated to cancel the order due to the Right of Withdrawal rule. d) is legally obligated to cancel the order due to the right of Rescission rule. Previous Page Next Page Page 6 of 35