Flo, a salesperson for Gear Oil Corporation, learns that the firm will increase the dividend it pays to shareholders. She buys 10,000 shares of company stock. When the dividend is announced to the public and the price of the stock increases, she sells his shares for a profit. She would not be liable for insider trading if the information about the dividend was
A) material when she sold the stock.
B) available to the public after she bought the stock.
C) available to the public before she bought the stock.
D) forward-looking when she bought the stock.
Correct Answer:
Verified
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