If You Own Stock That Has Increased in Price, It

question 83

Multiple Choice

If you own stock that has increased in price, it would be best to sell it after you have owned it for at least

• A) 6 months and one day.
• B) 12 months and one day.
• C) 18 months and one day.
• D) 24 months and one day.

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Definitions:

Negotiable

Referring to the ability of the terms of an agreement, document, or financial instrument to be adjusted or transferred in accordance with all parties' consent.

Certificates of Deposit

Financial instruments issued by banks that offer a fixed interest rate in exchange for keeping deposited funds untouched for a predetermined period.

Nonnegotiable

Pertaining to a term, condition, or instrument that cannot be altered or bargained upon, often legally or contractually fixed.

Accelerated Payment

A payment method that allows for early settlement of a debt, often reducing the amount of interest.