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Question 16 (1 point) Listen Sally is an executive at ULTRA Cosmetics. Sally learns ULTRA is going to purchase AVONNE, a chain of very profitable

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Question 16 (1 point) Listen Sally is an executive at ULTRA Cosmetics. Sally learns ULTRA is going to purchase AVONNE, a chain of very profitable boutique cosmetic stores. Nothing about the sale is public information; only a few board members at ULTRA are aware of the purchase. Sally expects ULTRA stock will rise dramatically after it purchases AVONNE. Sally immediately buys a number of shares of her company's stock. Sally tells her friend, Maggie K, about the expected purchase of stores and encourages her buy ULTRA stock as well. Which offenses, if any, is Sally guilty of? She is guilty of extortion and insider trading. She is guilty of insider misappropriation. She is guilty of insider trading and tipping She is guilty of no offense. She is guilty of tipping only

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