Flite Airline Corporation Is Poised to Issue Securities in a Transaction

Multiple Choice

Flite Airline Corporation is poised to issue securities in a transaction that,under the Securities Act of 1933,is "exempt." This enables Flite to

A) avoid the costs and complications of registration.
B) buy and sell the securities without liability for "recaptures."
C) make forward-looking financial forecasts without liability.
D) withhold inside information from accredited investors.