When must the electronic POS be distributed in relation to a competitive sale?

The correct answer is that the electronic POS must be distributed 7-10 days before the competitive sale. This timeframe ensures that all potential investors and interested parties have sufficient notice about the upcoming sale, allowing them to prepare and participate effectively.

Distributing the electronic POS within this window is critical for maintaining transparency and fairness in the competitive sale process. It provides the necessary information regarding the terms of the sale, pricing details, and other essential features that potential investors need to evaluate their involvement. This not only supports informed decision-making but also enhances market efficiency by fostering a competitive environment.

The other options either do not provide enough lead time or incorrectly suggest timelines that do not align with best practices for competitive sales in debt management. A timeframe shorter than 7 days would likely be insufficient for investors to adequately prepare, while a period extending beyond 10 days may lead to unnecessary delays in the sale process.