Andy works for a bank in mergers and acquisitions. Andy knows that Airfax Inc will be taken over in a few weeks and he tells his friend Dan that if he buys shares in Airfax right now he will make lots of money when the takeover is announced
That day Dan then purchased $100,000 worth of Airfax shares. Two months later when the takeover bid was announced, Dan sold his Airfax shares for $180,000, a profit of $80,000. As a result which of the following statements is FALSE?
A) Dan is guilty of insider trading
B) Andy is guilty of tipping
C) Andy is guilty of insider trading
D) both Dan and Andy could potentially face significant fines
E) both Dan and Andy could potentially face jail time of up to 10 years
C
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When a job is completed but not sold, the accounts affected are:
A) Raw Materials and Work-in-Process. B) Work-in-Process and Finished Goods. C) Work-in-Process and Cost of Goods Sold. D) Finished Goods and Cost of Goods Sold. E) Finished Goods and Overhead Control.
Antidumping laws
A. are used in an effort to control the minimum price of imported products. B. make it illegal for a foreign producer to sell a product at a price level lower than domestic producers. C. set the maximum price a foreign producer can charge. D. protect consumers from the high prices charged by monopolistic foreign producers. E. force foreign producers to sell below cost if they want to compete with a nation's domestic producers.
What can you comment about the shape of the net present value (NPV) profile of a multiple IRR project?
What will be an ideal response?
________ refers to the quantities of a good or service that producers will provide on a particular date at various prices
A) Necessity B) Supply C) Demand D) Utility E) Want