Which of the Following States Was Not Onlythe First State

question 9

Multiple Choice

Which of the following states was not onlythe first state to regulate the sale of securities,but also has the term "blue sky laws" named after it?

• A)Montana
• B)Kansas
• C)Wyoming
• D)New York

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Definitions:

Special Purpose Equipment

Equipment that is designed and built for a specific task or function, which is not easily adaptable for other uses.

Common Stock

An equity security that denotes ownership within a corporation and grants the owner voting rights on company issues as well as eligibility to receive dividends.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily match the market value.

Treasury Stock

Shares of a company's own stock that it has reacquired but has not retired, which can be resold or used for other corporate purposes.