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Question
To raise $12 million to expand operations, Star Corporation makes a stock offering directly to sixty accredited investors and twenty sophisticated, but unaccredited investors. Star plans to notify the SEC of sales. Under the Securities Act of 1933, this issue may qualify as an "exempt" transactionA.as is.
B.if all of the investors are also given certain material information.
C.if the offering is also made available to the general public.
D.under no circumstances.
Answer
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