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Question
Lexy, a salesperson for My-T-Fine Corporation, learns that My-T-Fine will increase the dividend it pays to shareholders. Lexy buys 10,000 shares of My-T-Fine stock. When the price increases, Lexy sells the shares for a profit. Lexy would not be liable for insider trading if the information about the dividend wasA.material when she sold the stock.
B.public after she bought the stock.
C.public before she bought the stock.
D.speculative when she bought the stock.
Answer
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