When a Company Sells an Entire Issue of Securities to a Small

question 13

Multiple Choice

When a company sells an entire issue of securities to a small group of institutional investors like life insurance companies, pension funds, and so forth, it is called a(an)

• A)rights offering.
• B)general art offering.
• C)private placement.
• D)unseasoned issue.

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Definitions:

Eleanor Roosevelt

An influential American political figure, diplomat, and activist, known for her role as First Lady from 1933 to 1945 and her work in human rights.

First Lady

The title attributed to the wife of the president of the United States or the leading female representative of the government, often involved in social and political causes.

Redefined Role

A significant change in how a position, function, or concept is understood, characterized, or executed within a specific context or by society at large.

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.