Rule 144A provides the framework for the issuance of private securities to qualified institutional investors. To buy private securities,institutional investors:
A) must be willing to hold a less liquid security and manage a fund.
B) must be willing to make a market in the security and be a primary market dealer.
C) must be a limited partner in the issue and willing to reduce the illiquidity of the security.
D) must be willing to hold a less liquid security and have $100 million under management.
E) None of these.
Correct Answer:
Verified
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