Under Rule 504,a Restricted Security

question 16

Multiple Choice

Under Rule 504,a restricted security:

• A) can be sold at any time.
• B) cannot be sold within nine months of its offering.
• C) cannot be resold, either publicly or privately, for one year.
• D) cannot be sold until the SEC issues a release letter allowing it to be sold.

---

Definitions:

Probability Sampling

A sampling method where each member of the population has a known, non-zero probability of being selected in the sample.

Sample Proportion

The fraction or percentage of the sample that possesses a certain property or characteristic.

Probability

An indicator of the probability or risk that a certain event will happen, represented by a numerical value ranging from 0 to 1.

Population Mean

The average of a set of numerical values, calculated by summing all the observations and dividing by the total number of observations in the population.