Ask Question
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
Answers (1)
  1. 12 May, 13:54
    0
    A. Ralph has engaged in insider trading.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers