Securities That Are on Shelf Registration

question 74

Multiple Choice

Securities that are on shelf registration:

• A) cannot be sold to the public
• B) may be sold at any time over the next three years
• C) must be sold within a year of registration
• D) cannot be sold for more than $5 per share
• E) none of the other choices are correct

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Definitions:

Seriousness

The quality of being grave, important, or significant in context or manner.

Bilateral Contract

A contract involving two parties where each promises to perform an act in exchange for the other's act.

Strict Rules

Regulations or guidelines that are rigorously enforced and must be followed precisely.

Collateral Promise

A secondary promise to answer for the debt or duty of another person in case that person fails to fulfill the obligation.