Which of the following securities sales must be registered? a. a sale of $450,000 in shares to 2,003 residents of Oklahoma and Arkansas b. a sale of $10,000,000 in shares to 353 U. S. residents c. a sale of $50,000,000 in shares to 10 institutional investors located around the United States d. a sale of $50,000,000 in shares to 10,000 residents of Arizona by a company doing business only in Arizona e. All of the above must be registered.
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