To raise $120 million to expand operations,Premiere Movies Corporation makes a stock offering directly to sixty accredited investors and twenty sophisticated,but unaccredited investors. Premiere Movies plans to notify the SEC of sales. Under the Securities Act of 1933,this issue may qualify as an "exempt" transaction
A) as is.
B) if all of the investors are also given material information about the firm,including its most recent financial statements.
C) if the offering is also made available to the general public.
D) under no circumstances.
Correct Answer:
Verified
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