The Purpose of a "Tombstone Ad" Is

question 27

Multiple Choice

The purpose of a "tombstone ad" is:

• A)to inform investors an upcoming offering has been canceled.
• B)to inform investors of an upcoming offering.
• C)to inform investors an upcoming offering will be delayed for 30 days.
• D)to inform investors securities will be offered for sale after the company has responded to the SEC's comment letter.

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Definitions:

Junk Bonds

A special type of high interest rate bond that carries higher inherent risks.