Social Studies, 21.04.2020 00:01, Animallover100
Karin, an officer for Liquified Natural Gas Corporation (LNG), buys 10,000 shares of LNG stock. One week later, LNG announces that it will merge with a competitor, Mining & Piping Company, and the price of LNG stock increases. One month later, Karin sells her shares for a profit.
Under Section 16(b) of the Securities Exchange Act of 1934, Karin would not be liable if, after buying the stock, she had waited:
a) less than fourteen days to sell it.
b) ninety days to sell it.
c) two months to sell it.
d) more than six months to sell it.
Answers: 2
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