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To be eligible to use Rule 415, a firm must Multiple Choice have a market value of common stock in excess of $250 million. not

To be eligible to use Rule 415, a firm must

Multiple Choice

have a market value of common stock in excess of $250 million.

not have defaulted on its debt anytime in the past five years.

have an investment-grade rating.

never have violated any of the provisions of the Securities Act of 1934.

guarantee the new shares will be sold evenly over a period of three years.

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