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Free of payment (FOP) refers to settlement whereby: A) the delivery of the securities and payment of cash take place separately B) securities are only
Free of payment (FOP) refers to settlement whereby:
A) the delivery of the securities and payment of cash take place separately
B) securities are only delivered if payment is made and payment is only made if securities are delivered
C) the buyer pays nothing for the security it has purchased
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choose the below answer
A) a only
B) b only
C) a & c only
D) b & c only
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