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The Vice-President of ACME Corporation, an NYSE listed firm, places an order to buy 10,000 shares of ACME common at the market. 3 months later,
The Vice-President of ACME Corporation, an NYSE listed firm, places an order to buy 10,000 shares of ACME common at the market. 3 months later, ACME stock's price has increased by 20% and the officer places an order to sell. Which statement is TRUE? The sale of the stock is not subject to Rule 144 A The stock cannot be sold unless it has been held, fully paid, for 6 months B The sale is prohibited until a "waiver of liability" has been obtained from the issuer C los The officer must forfeit the profit on the sale D Abd
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