Rule 144A provides the framework for the issuance of private securities to qualified institutional investors. To buy private securities, institutional investors:

Group of answer choices

must be willing to hold a less liquid security and manage a fund.

must be a limited partner in the issue and willing to reduce the illiquidity of the security.

must be willing to hold a less liquid security and have $100 million under management.

must be willing to make a market in the security and be a primary market dealer.

the firm will always take the low risk project.

the firm will rank all projects and take the project which results in the highest expected value of the firm.

1,612,333 Shares

1,804,813 Shares

1, 332,456 Shares