Question

Interstate Retail Company has assets of less than $10 million and fewer than five hundred shareholders. Jiffy Outlets, Inc., has assets of more than $10 million and more than five hundred shareholders. The Securities Exchange Act of 1934 applies to
a. Interstate Retail and Jiffy Outlets.
b. Interstate Retail only.
c. Jiffy Outlets only.
d. neither Interstate Retail nor Jiffy Outlets.

Answer

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