Under the Securities Exchange Act of 1934, a person is liable for making a false or misleading statement (or omission) of a material fact in an SEC filing (Section 18). Moreover, defrauding anyone in the purchase or sale of any security is illegal (Section 10). Under these provisions, a plaintiff must bring a suit within
A. 5 years after the filing or the purchase or sale.
B. 2 years after the cause of action arose.
C. 5 years after discovery of the facts on which the suit is based.
D. The earlier of 2 years after discovery of the facts on which the suit is based or 5 years after the cause of action arose.
Answer: D. The earlier of 2 years after discovery of the facts on which the suit is based or 5 years after the cause of action arose.
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Reading Corporation is considering an investment opportunity with the following expected net cash inflows
Year 1, $250,000; Year 2, $350,000; Year 3, $395,000. At the end of Year 3, the residual value of the investment would be $50,000. The company uses a discount rate of 12%, and the initial investment is $400,000. Calculate the NPV of the investment. Present value of $1: 11% 12% 13% 14% 1 0.901 0.893 0.885 0.877 2 0.812 0.797 0.783 0.769 3 0.731 0.712 0.693 0.675 4 0.659 0.636 0.613 0.592 5 0.593 0.567 0.543 0.519 What will be an ideal response
This act is involuntary and happens automatically
A) hearing B) responding C) listening D) feedback