A company is raising capital using a Rule 506(b) private placement under Regulation D. Which of the following investor mixes is compliant with Rule 506(b)?

1. A45 accredited investors and 40 non-accredited investors, all sophisticated
2. B35 accredited and 20 non-accredited investors, 10 of whom are not sophisticated
3. C60 accredited investors and 25 non-accredited purchasers, all of whom are sophisticated✓ Correct answer
4. D10 accredited investors and 36 non-accredited, all sophisticated

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