KOA company has the capital structure as following: 40% debt, 10% preferred shares and the rest are common shares. The company is going to raise capital with the following conditions: it can borrow $400.000 with an interest rate of 10%. Higher than that amount, the interest rate is 12%. The company's public shares are currently selling at a net price of $30 after subtracting the issuance cost of $5 per share. Next year's dividend is expected to be $2.7 per share with a growth rate of 8%. Income tax is 25%, dividend payout rate is 50%. Retain earnings is expected to be $1.000.000. The price of preferred share is 100 USD and its dividend is $10. The issuance cost for this type of share is 2%, however if the amount of preferred share exceed $200.000, this cost will be increased to 4%. The company can issue any amount of common shares, with the issuance cost of $5. Construct the company's MCC graph.

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?