In SEC v. W. J. Howey Co., the Supreme Court decision led to what is commonly called the Howey test to determine whether something qualified as a security. Identify and explain the four components of this test.

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The Answer of In SEC v. W. J. Howey Co., the Supreme Court decision led to what is commonly called the Howey test to determine whether something qualified as a security. Identify and explain the four components of this test.

In SEC V W