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An Initial Public Offering (IPO) Represents the First Time a Corporation's

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True/False

An initial public offering (IPO) represents the first time a corporation's stock is offered and sold to persons outside of the company.

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Definitions:

Face Amount

The total value that will be paid to beneficiaries at the maturity of an insurance policy or the principal value of a bond at its maturity.

Note Issued

A financial instrument representing a promise to pay a specified amount of money at a future date, often used for loans or as corporate debt.

Contingent Liability

A potential financial obligation that may occur, depending on the outcome of a future event.

Estimable

Capable of being estimated or approximated in magnitude or extent.

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