Article Summary Despite a Shaky Start, Online Used Car Seller Carvana Sold

question 246

Multiple Choice

Article Summary
Despite a shaky start, online used car seller Carvana sold all 15 million stock shares in its IPO and raised about $225 million. Initially priced at $15 per share, the stock closed at $11.10 per share at the end of the first trading day. The Phoenix-based company, known for its automated car vending machines, offers free next-day delivery to residents in 24 markets across the United States. Carvana, founded in 2012, has seen large revenue growth but has never reported a profit., losing about $93 million in 2016. The company also said in its S-1 IPO filing that it expects losses to continue in the near future.
Source: Kirsten Korosec, "Used Car Vending Machine IPO Sputters In First Day of Trading," Fortune, April 28, 2017.
-Generally with bond ratings, the lower the rating, the ________ the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default.

• A)higher; higher
• B)higher; lower
• C)lower; higher
• D)lower; lower

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The sequence of events that form the storyline of a narrative, book, or story.

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Experiencing stress, anxiety, or pain; a state of emotional or physical turmoil.

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Twins resulting from the division of a single fertilized egg, sharing the same genetic material.

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A progressive neurological disorder characterized by memory loss, language deterioration, and impaired ability to mentally manipulate visual information, leading to the decline in cognitive function.