If Valley Vineyard is not required to register with the SEC,how much capital can it raise?

Question

Quizplus · Accepted Answer

A)Any security offered or sold to a permanent resident of the single state where the
issuer of the security resides and does business is exempt.Thus,local businesses can rely on local investors to raise an unlimited amount of capital without registration.
B)Any security offered or sold to a permanent resident of the single state where the issuer of the security resides and does business is exempt.Thus,local businesses can rely on local investors to raise an unlimited amount of capital without registration.
C)Any security offered or sold to a permanent resident of the single state where the issuer of the security resides and does business is exempt.Thus,local businesses can rely on local investors to raise an unlimited amount of capital without registration.
D)Any security offered or sold to a permanent resident of the single state where the issuer of the security resides and does business is exempt.Thus,local businesses can rely on local investors to raise an unlimited amount of capital without registration.
E)Any security offered or sold to a permanent resident of the single state where the issuer of the security resides and does business is exempt.Thus,local businesses can rely on local investors to raise an unlimited amount of capital without registration.

If Valley Vineyard Is Not Required to Register with the SEC,how