The First-Time Issuance of Shares by a Specific Firm to the Public

question 18

Multiple Choice

The first-time issuance of shares by a specific firm to the public is referred to as a(n) ​

• A)stock repurchase.
• B)secondary stock offering.
• C)initial rights issue.
• D)initial public offering (IPO).

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Definitions:

Note Receivable

A financial document representing a promise to pay a specific amount of money on a specified date or upon demand.

Day Note Signed

The date on which a promissory note (a written promise to pay a specified amount under agreed terms) is executed or agreed upon.

Credit Purchased

Goods or services acquired on credit, implying payment will be made at a future date.