SIE Exam Question 511: Answer and Explanation

Question: 511

Rule 145 covers which of the following?

  • A. Changes in par value.
  • B. Reverse splits.
  • C. Stock swaps.
  • D. Stock splits.

Correct Answer: C

Explanation:

C: Rule 145 covers mergers involving a stock swap or offer of another company's securities in exchange for its current stock.

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