Multiple Choice
An initial public offering (IPO) is characterized by all of the following, except that
A) it is the first time offering of publicly traded stock by a corporation.
B) it has the potential to be sold later for a profit in the secondary market.
C) it can result in losing the investment.
D) it is available to individual investors before institutional investors.
Correct Answer:
Verified
Correct Answer:
Verified
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