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    The Legal Environment of Business Study Set 3
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    Exam 23: Rules Governing the Issuance and Trading of Securities
  5. Question
    A Red Herring Is an Investment Banking Firm That Purchases
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A Red Herring Is an Investment Banking Firm That Purchases

Question 94

Question 94

True/False

A red herring is an investment banking firm that purchases a securities issue from the issuing corporation with a view to eventually selling the securities to brokerage houses, which, in turn, sell them to the public.

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