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Which of the Following Statements Is True About Activities Allowed

Question 22

Multiple Choice

Which of the following statements is true about activities allowed in connection with a public offering?


A) Generally,the waiting period is 20 days.
B) During the pre-filing period,the issuer may "condition the market."
C) During the waiting period,the issuer may sell and deliver securities,as long as a prospectus is provided to the investor.
D) After the registration statement is effective,the issuer may sell and deliver securities without giving the investor a prospectus.
E) A prospectus only need be delivered when the sale is closed.

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