Question

Delta Capital Corporation is a noninvestment company that wants to issue stock of $3 million in a twelve-month period. Delta, with less than $20 million in annual sales, qualifies as a small business issuer. Before Delta sells the stock, it must provide investors with
a. an offering circular.
b. a notice of the issue.
c. a red herring prospectus.
d. a tombstone ad.

Answer

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