Which of the following is not one of the criteria for a security to be...

The issuer must have preferred stockholders as well as common stockholders.

The issuer must have a net worth of $4 million, or its net income before tax for at least two of the

The issuer must never have defaulted on any bond or long-term lease obligation.

If the security to be issued is an equity interest in the firm, its offer price has to be at least $5 a