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Question
Amy, an officer for Best Corporation, buys 100 shares of Best stock. One week later, Best announces that it will merge with Competing Company, and the price of Best stock increases. One month later, Amy sells her shares for a profit. Under Section 16(b) of the Securities Exchange Act of 1934, Amy 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
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