An influential stock analyst recommends the purchase of three infrequently traded stocks in each of his weekly magazine columns. Unusually large amounts of these stocks are often purchased one day before the magazine appears on the newsstands. This pattern has recurred over a period.

Suppose that the information presented above is accurate. Each of the following statements, if true, could help to explain why the unusually large purchases occurred EXCEPT:


Workers at the company that prints the magazine have used their advance knowledge of the analyst's column to guide their own stock purchases.

Workers at the company that prints the magazine often sell advance copies of the magazine to stockbrokers.

One hundred copies of each issue of the magazine are circulated in the publishing company's office a day before the issue appears on newsstands.

The analyst refuses to submit his column for editorial review before it is printed.

Twenty people in the publishing company have access to the analyst's column before it is printed.

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Prep2012-CR

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