Which of the Following Is Not a Requirement for a Rule

question 24

Multiple Choice

Which of the following is not a requirement for a Rule 10b-5 violation?

• A) The defendant either used the mails, an instrumentality of interstate commerce, or a facility of a national securities exchange.
• B) The defendant made a statement that either misrepresented or omitted a fact of material importance.
• C) The misrepresentation or omission was made with scienter.
• D) The statement was made in connection with a public offering.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its short-term assets.

Raw Materials

The basic materials and substances that are used in the initial stages of production and manufacturing.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency.

Book Value Per Share

A financial measure that indicates the value of a company's equity as represented in its shares, calculated by dividing total shareholders' equity by the number of outstanding shares.