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
Answers (1)
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
You Might be Interested in
Jing Associates, LLC, a large law firm in Denver, is building a new office complex. To pay for the construction, Jing Associates is selling a security that will pay the investor the lump sum of $6,750 in five years.
Answers (1)
Caroline Perfumes is a premium, exotic women's fragrance company. The manufacturers of Caroline Perfumes want to establish its products as specialty products.
Answers (1)
On march 1, year 1, roland doe bought 200 shares of gummit stock at $40 per share. on april 1, year 2, roland sold short (sold without delivering) 100 shares of gummit stock for $50 per share.
Answers (1)
How accurately do gdp statistics portray the economy and why?
Answers (1)
Which is riskier, but has the potential for a higher rate of return? saving or investing
Answers (2)
New Questions in Business
What are the three writing guidlines to follow when writing a resume?
Answers (1)
A government incurred expenses for its infrastructure as follows: $25 million for general repairs; $20 million to extend the life for existing infrastructure; and $22 million for additions and betterments.
Answers (1)
The process of transferring the debits and credits from the journal entries to the accounts is called a. journalizing b. sliding c. transposing d. posting
Answers (1)
Under the UCC, if Merchant B accepts Merchant A's offer, but adds some terms to the original offer, those terms will become part of the ensuing contract between the two merchants unless A. the terms materially alter the contract. B.
Answers (1)
if Emir are says he wants an office with Windows and a nice view what need is he expressing? A. His job environment B. His job outlook C. His lifestyle D. His values
Answers (1)