Alicia purchased 100 shares of ABC Corporation on the basis of a prospectus issued by the…

Alicia purchased 100 shares of ABC Corporation on the basis
of a prospectus issued by the corporation. A few months later, the corporation
discovered an error in its reported sales and profits reported in the financial
information in the prospectus. Following the corporation’s announcement, share
prices fell, and Alicia suffered a loss of $1,200. Discuss