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NEW QUESTION: 1
Which of the following securities would be exempt from SEC registration requirements?
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III. an issue of commercial paper that has a 5-month maturity
A. I only
B. I and III only
C. I and II only
D. III only
Answer: B
Explanation:
Only Selections I and III are exempt from SEC registration requirements. The bond issued by
Colorado is exempt because bonds issued by a government body are exempt from registration. The issue
of commercial paper is exempt because securities with less than 270 days to maturity are exempt from
registration.
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Explanation:
NEW QUESTION: 3
A. Option A
B. Option B
C. Option D
D. Option C
Answer: B,D
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