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B. "Which do you like better...?"
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A. the person or group seeking and receiving the advice - the engagement client
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D. private-placement variable universal life insurance
Answer: A
Explanation:
A new issue of stock issued by a corporation that already has shares of its stock trading on
the NYSE is not exempt from registration requirements. Private placements, municipal bonds, and bonds
issued by U.S. government agencies are all exempt from registration requirements.
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