Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
An initial public offering (IPO) occurs:
- When a public company issues new shares of stock.
- When an investor buys a particular stock for the first time.
- The first time a company borrows money in the form of a note payable.
- The first time a firm issues shares of stock in the public market.
e. The first time a firm borrows money in the form of a corporate bond
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