A Exemption from the Prospectus Requirement Exists for an Issuer

A exemption from the prospectus requirement exists for an issuer where

A) the purchase is one of a regular series made by an issuer in a security of its own issue.
B) the purchaser is a bank, buying on its own account.
C) the purchaser is an individual buying at least $25,000 in market value of one security.
D) the recipient of the security receives it in satisfaction of a debt owed to it by the issuer.
E) None of the responses are correct.