Della, an officer for Energy Petrol Corporation (EPC), buys 100 shares of EPC stock. One week later, EPC announces that it will merge with a competitor, Fuel Oil Company, and the price of EPC stock increases. One month later, Della sells her shares for a profit. Under Section 16 (b) of the Securities Exchange Act of 1934, Della would not be liable if, after buying the stock, she had waited?

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Kierra

24 August, 19:04

Della, an officer for Energy Petrol Corporation (EPC), buys 100 shares of EPC stock. One week later, EPC announces that it will merge with a competitor, Fuel Oil Company, and the price of EPC stock increases. One month later, Della sells her shares for a profit. Under Section 16 (b) of the Securities Exchange Act of 1934, Della would not be liable if, after buying the stock, she had waited?

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Abbigail · Answer 1

According to the statement above "Della, an officer for Energy Petrol Corporation (EPC), buys 100 shares of EPC stock. One week later, EPC announces that it will merge with a competitor, Fuel Oil Company, and the price of EPC stock increases. One month later, Della sells her shares for a profit. Under Section 16 (b) of the Securities Exchange Act of 1934, Della would not be liable if, after buying the stock, she had waited?"

The answer is: More than six months to sell it.