A Public Offering of Securities Which Are Offered First to Current

question 66

Multiple Choice

A public offering of securities which are offered first to current shareholders is called a(n) :

• A)existing shareholder offer.
• B)limited offer.
• C)rights offer.
• D)venture offer.
• E)preference offer.

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Definitions:

Accounting

A system that measures the business’s activities in financial terms, provides written reports and financial statements about those activities, and communicates these reports to decision makers and others.

Investors

Individuals or institutions that commit capital with the expectation of receiving financial returns.

Government

The system by which a community, state, or nation is governed, responsible for making and enforcing laws, managing public resources, and protecting citizen rights.

Managers

Managers are individuals in an organization responsible for directing and overseeing the work of a group of people towards achieving business goals.