Bison Brothers intends to issue a $4 million offering without general solicitation. It plans to sell the securities to three investors. Investor A is an investment bank and has a net worth of $2 million and $100,000 in annual income. Investor B is a partner in Bison Brothers, has a net worth of

$250,000, and has an annual income of $150,000. Investor C is the high school–aged son of Investor B and has a negative net worth with $15,000 in annual income.