Eldridge Corporation is seeking to offer $7,000,000 of securities under Regulation D of the Securities Act of 1933. Which of the following is(are) true if Eldridge wants an exemption from registration under the Securities Act of 1933?
- I. Eldridge must comply with Rule 506 of Regulation D.
- II. These securities could be debentures.
- III. These securities could be investment contracts.
- a. I only.
- b. I and II only.
- c. II and III only.
- d. I, II, and III.