Rule 144A Provides the Framework for the Issuance of Private

Multiple Choice

Rule 144A provides the framework for the issuance of private securities to qualified institutional investors. To buy private securities,institutional investors:

A) must be willing to hold a less liquid security and manage a fund.
B) must be willing to make a market in the security and be a primary market dealer.
C) must be a limited partner in the issue and willing to reduce the illiquidity of the security.
D) must be willing to hold a less liquid security and have $100 million under management.
E) None of these.