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Which of the following securities offerings is not exempt from registration prior to their sale? A.offerings of more than $5 million. B.securities issued by governments.

Which of the following securities offerings isnotexempt from registration prior to their sale?

  • A.offerings of more than $5 million.
  • B.securities issued by governments.
  • C.securities issued by banks.
  • D.securities issued by savings and loan associations.
  • E.offerings of no more than $1 million made to any number of investors within a 12-month period.

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