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    Exam 3: How Securities Are Traded
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    A Sale by IBM of New Stock to the Public
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A Sale by IBM of New Stock to the Public

Question 11

Question 11

Multiple Choice

A sale by IBM of new stock to the public would be a(n)


A) short sale.
B) seasoned equity offering.
C) private placement.
D) secondary-market transaction.
E) initial public offering.

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