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Which of the Following Statements Is NOT Correct

question 83

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Which of the following statements is NOT correct?


Definitions:

Initial Public Offering (IPO)

The method through which a privately-held company goes public by issuing its shares to the general public for the initial time.

Holder-Of-Record Date

The date on which existing shareholders on company records are designated as the recipients of stock rights. Also the date of record.

Tombstone

An advertisement in a financial publication announcing a public offering of securities, containing basic details of the issue.

Preliminary Prospectus

An initial document provided by a securities issuer that describes the details of an upcoming offer to the public, often called a "red herring."

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