The first time a company issues stock, it does so through a(n) ________.
A) primary market issuance
B) initial public offering
C) tertiary market sale
D) auction house
E) instant prospectus opportunity
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Question
The first time a company issues stock, it does so through a(n) ________.
A) primary market issuance B) initial public offering C) tertiary market sale D) auction house E) instant prospectus opportunity Answer
15
Seconds
B) The first sale of stock to the public by a company is called an initial public offering (IPO). A financial advisory firm (often referred to as the underwriter) serves as an intermediary between a company issuing the stock and the investors who purchase the stock.
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