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Which of the following issues are exempt from filing a registration statement with the SEC? I. Issues that involve less than 5,000 shares of stock

Which of the following issues are exempt from filing a registration statement with the SEC?

I. Issues that involve less than 5,000 shares of stock

II. Loans that mature within nine months

III. Issues less than $5.0 million

IV. Issues that involve less than 1,000 shareholders

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