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Introductory Business Law/Legal Environment
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Secondary Market Securities Ownership

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ABC Company issued securities, which John subsequently purchased in a secondary market.

Which of the following statements is true regarding this transaction?

AJohn has the authority to alter the management of ABC Company.
BJohn is now an employee of ABC Company.
CJohn has the right to purchase ABC Company outright.
DJohn has acquired a form of ownership interest in ABC Company.
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