12.Strings and Horns Corporation files a registration statement and delivers a prospectus to the appropriate parties. These items are intended to enable the evaluation of certain financial risks by

a.market professionals to explain to all investors.

b.government regulators to disclose to the general public.

c.sophisticated investors only.

d.unsophisticated investors.

13. Grand World Company is a public company that is poised to issue securities that do not qualify for an exemption from registration. This means that Grand World Company must a. file a registration statement with the SEC. b. issue the securities through an online registration site. c. refrain from issuing the securities to unregistered investors. d. register the securities with a national stock exchange.

14.Tarrytown Manufacturing Corporation wants to make an offering of securities to the public. This offering is not exempt from registration under the Securities Act of 1933. Before Tarrytown sells its securities, it must provide investors with

a.a forward-looking financial forecast.

b.an investment contract.

c.a prospectus.

d.samples of its products.