Question: What does Rule 5 0 4 provide? It provides that noninvestment company offerings up to $ 5 million in any twelve - month period are

What does Rule 504 provide?
It provides that noninvestment company offerings up to $5 million in any twelve-month period are exempt.
It provides that noninvestment company offerings up to $1 million in any twelve-month period are exempt.
It provides that investment company offerings up to $5 million in any twelve-month period are exempt.
It provides that noninvestment company offerings up to $5 million in any six-month period are exempt.

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