To be eligible to use Rule 415,a firm must:
A) not have defaulted on its debt anytime in the past five years.
B) guarantee the new shares will be sold evenly over a period of three years.
C) have a market value of common stock in excess of $250 million.
D) never have violated any of the provisions of the Securities Act of 1934.
E) have an investment-grade rating.
Correct Answer:
Verified
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