Business

Xander Farley

12 May, 10:05

Ralph newsome is an employee at quest industries. in the men's room he overhears two officers discussing a merger that they say will be announced in two days. ralph purchases 1,000 shares of quest. when the merger is announced, quest's stock has a 15% bounce in value.

a. ralph has engaged in insider trading.

b. ralph simply overheard a conversation and can trade on that information.

c. ralph is not an officer and can trade in advance of announcements.

d. none of the above

+4

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