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Mark, a director of Dynamo Industries, Inc., purchased 50,000 shares of stock in the company in November. In April, Mark sold 25,000 of these shares
Mark, a director of Dynamo Industries, Inc., purchased 50,000 shares of stock in the company in November. In April, Mark sold 25,000 of these shares so he could pay an unexpected tax bill due on April 15. Mark made $40,000 on the sale of the stock. Has Mark violated any securities laws? Discuss.
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Based on the information provided Mark as a director of Dynamo Industries Inc purchased 50000 shares ...
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Essentials of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
8th edition
78034752, 978-0078034756
