Tony Currently Owns 12,000 Shares of GL Tools

question 6

Multiple Choice

Tony currently owns 12,000 shares of GL Tools.He has just been notified that the firm is issuing additional shares of stock and that he is being given a chance to purchase some of these shares prior to the shares being offered to the general public.What is this type of an offer called?

• A)best efforts offer
• B)firm commitment offer
• C)general cash offer
• D)rights offer
• E)priority offer

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Definitions:

Seminal Vesicle

A pair of glands that open into the vas deferens near its junction with the urethra and secrete many of the components of semen.

Epididymis

A tightly coiled tube situated at the back of the testicle where sperm are stored and mature.

Scrotum

The pouch of skin that contains and protects the testicles, as well as regulates their temperature.

Penis

The male external genitalia that serves as both the organ of sexual intercourse and the passageway for urine to leave the body.