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Question
Della, an officer for Energy Petrol Corporation (EPC), buys 100 shares of EPC stock. One week later, EPC announces that it will merge with a competitor, Fuel Oil Company, and the price of EPC stock increases. One month later, Della sells her shares for a profit. Under Section 16(b) of the Securities Exchange Act of 1934, Della would not be liable if, after buying the stock, she had waitedA.less than fourteen days to sell it.
B.more than six months to sell it.
C.ninety days to sell it.
D.two months to sell it.
Answer
This answer is hidden. It contains 2 characters.
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