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A week ago
Moon Company plans to issue 10 million shares in a seasoned equity offering.  The owner, Ken Moon, plans to sell 4 million shares as part of the offering.  Which of the following is true regarding the seasoned equity issue?

▸ It is a secondary offering.

▸ It is a primary offering.

▸ Some shares are primary shares and some shares are secondary shares.

▸ None of the above is true regarding this seasoned equity offering.
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
Authors:
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A week ago
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Some shares are primary shares and some shares are secondary shares.
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wrote...
A week ago
Appreciate the effort, thank you!
wrote...
A week ago
You're very welcome ... please mark the topic solved when you get a chance
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