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39. Phil, an officer for Quality Company, buys 1,000 shares of Quality stock. One week later, Eagle announces that it will merge with Rich Industries, Inc. The next day, the price of Quality stock increases and Phil sells his shares for a profit. Under Section 16(b) of the Securities Exchange Act of 1934, Phil would not be liable if he had waited
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39. Phil, an officer for Quality Company, buys 1,000 shares of Quality stock. One week later, Eagle...
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