Utilities Ltd

question 55

Multiple Choice

Utilities Ltd.decided to go public by an initial public offering.It sold securities, some of which were bought by James Jefferson.Six months later, Mr.Jefferson sold the Utilities shares he had purchased to Martha Graham and Mark Franco.Two years later, Mr.Jefferson bought back the Utilities shares from Ms.Graham and Mr.Franco and made a profit out of both transactions.Who is the issuer in this scenario?

• A)Utilities Ltd.
• B)James Jefferson
• C)Martha Graham
• D)Mark Franco

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Definitions:

Inverse Demand Function

A mathematical model that expresses price as a function of quantity demanded, showing how price varies with changes in demand.

Coffee

A beverage made from the roasted and ground seeds of the tropical evergreen coffee plant, consumed worldwide for its stimulating effects.

Total Revenue

The overall amount of income generated from the sale of goods or services, calculated by multiplying the selling price by the number of units sold.

Soybeans

A species of legume native to East Asia, widely grown for its edible bean which has numerous uses, including producing soy oil and soy protein.