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Which of the Following Is True Regarding Exempt Transactions

Question 25

Multiple Choice

Which of the following is true regarding exempt transactions?


A) Limited offers, intrastate issues, and resales of securities are all exempt transactions.
B) Intrastate issues and limited offers are exempt transactions, but resales of securities are not.
C) Resales of securities and intrastate issues are exempt transactions, but limited offers are not.
D) Limited offers and resales of securities are exempt transactions, but intrastate issues are not.
E) Limited offers are exempt transactions, but intrastate issues and resales of securities are not.

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