In response to competition from the Eurobond market, the SEC adopted _
In response to competition from the Eurobond market, the SEC adopted _____ in 1990,
which allows firms to issue bonds in the U.S. market with minimal regulatory red tape as long as they are sold only to qualified investors (e.g., financial institutions).
a. the Nonregistration Exception
b. Qualified Investors Rule (QIR)
c. Rule 99B
d. Rule 144A
ANSWER
D
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