Assume the SEC Approved the Registration Statement for a New

question 49

Multiple Choice

Assume the SEC approved the registration statement for a new securities issue this morning.Which one of the following statements must be true about this issue?

• A)The red herrings can finally be distributed as their distribution was awaiting SEC approval.
• B)The waiting period started when the approval was received this morning.
• C)The SEC believes the issue will be a profitable investment for all purchases made at the offer price.
• D)The issuer is following all the required rules and regulations in regard to this issue.
• E)The final prospectuses have all been delivered or the SEC would not have approved the issue.

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Definitions:

Zygote

The initial cell formed when a new organism is produced by sexual reproduction, created by the union of sperm and egg.

Sporophyte

The stage in the plant life cycle that arises from the fertilization of gametes and produces spores for reproduction, distinct from the gametophyte generation.

Gametophyte

The haploid stage in the life cycle of plants that produces gametes, or sex cells, through mitosis.

Gametophyte Generation

The haploid, gamete-producing phase in the life cycle of plants and algae that alternates with the sporophyte generation.