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tittyboi tittyboi
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3 months 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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johnsykejohnsyke
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Posts: 328
3 months ago
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Some shares are primary shares and some shares are secondary shares.
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wrote...
3 months ago
Appreciate the effort, thank you!
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