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QUESTION 3 When a corporation's shares are owned by a few individuals who are associated with the firm's management, we say that the stock is

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QUESTION 3 When a corporation's shares are owned by a few individuals who are associated with the firm's management, we say that the stock is closely held O True False QUESTION 4 A share of common stock is not a derivative, but an option to buy the stock is a derivative because the value of the option is derived from the value of the stock True False

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