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Which of the following securities is NOT exempt from the registration procedures of the Uniform...

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Accounting

Which of the following securities is NOT exempt from the registration procedures of the Uniform Securities Act? A) Variable annuities issued by an insurance company authorized to do business in this state B) General obligation bonds issued by a city located in this state C) Bonds issued by a church operating as a nonprofit organization under IRS Code Section 501(c)(3) D) Common stock issued by a public utility company whose rates are subject to state regulation

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