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Flo-Thru Corporation Is Poised to Issue Securities That, Under the Securities

Question 46

Multiple Choice

Flo-Thru Corporation is poised to issue securities that, under the Securities Act of 1933, are "exempt." This means that the securities can be sold


A) on the basis of a material omission or misrepresentation.
B) on the basis of nonpublic information.
C) within any six-month period by certain insiders.
D) without being registered.

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