n NISM Certifications
VII NISM Series VII
Medium

Adjustments for corporate actions are carried out on the last day a security trades cum basis ______ the close of trading hours.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Before

  2. After

    Correct answer

  3. C

    During

  4. D

    None of the above

Why this is the answer

Corporate action adjustments are made after market close on the last cum-trading day to reflect changes in security price or quantity.

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