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24. SEC registration is not required when a company makes: a. A private placement of securities b. A public offering of securities issue of value

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24. SEC registration is not required when a company makes: a. A private placement of securities b. A public offering of securities issue of value less than $5 million and maturity less than 9 months c. A public offering of securities issue of value greater than $5 million d. A and B above

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