Series 22: Cost Basis

Taken from our Direct Participation Programs Representative Exam

Definition of the term Cost Basis...

the buyer’s cost of purchasing an asset and the starting value that an investment’s profit or loss must be measured against for tax purposes. Also called tax basis.

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Recently passed the FINRA Series 22 Exam. Though the exam is short, the material is obscure and not what you deal with every day in the industry. Solomon did a great job of putting together material and providing a deep understanding. After about 6 weeks of studying and taking 2 practice exams a day, I passed the exam on the first try! Thanks for putting together a robust training product.

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