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Lenders Bank files a financing statement regarding a transaction with Metro Construction Company. To be valid, the financing statement must contain all of the following except
Oversubscription Privilege
A right given to current shareholders to purchase more shares of a new issue before it is offered to the public, usually at a discount.
Standby Privilege
A feature that may accompany preferred shares or bonds, allowing the holder the right to purchase additional shares at a fixed price.
Open Offer
An invitation by a company to its shareholders to purchase additional shares directly from the company at a specified price.
Seasoned Equity Issue
The process by which a company that is already publicly traded issues additional shares to raise new equity capital.
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