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Legal document required by Securities Exchange Commission stating associated risks and detailed description of issues is classified as
Answer & Solution
Correct Answer:
Option
A
Legal document required by Securities Exchange Commission stating associated risks and detailed description of issues is classified as prospectus. A prospectus is a formal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering for sale to the public. A prospectus is filed for stock, bond, and mutual fund offerings.
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