Business, 29.05.2020 16:58, lflwersl

Luke, a salesperson for Mountaintop Coffee, Inc., learns that Mountaintop will increase the dividend it pays to shareholders. Luke buys 10,000 shares of Mountaintop stock. When the dividend is announced to the public and the price of the stock increases, Luke sells his shares for a profit.

Required:

1. Luke would not be liable for insider trading if the information about the dividend was .

Answers: 3

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Luke, a salesperson for Mountaintop Coffee, Inc., learns that Mountaintop will increase the dividend...