Offerings exempted from registration under rule 505 of Regulation D may raise up to $5 million in a:

Offerings exempted from registration under rule 505 of Regulation D may raise up to $5 million in a: 


a. 6-month period

b. 9-month period

c. 12-month period

d. 18-month period

e. 24-month period


Answer: 12-month period


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