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BL Lumber Just Authorized 5,000 New Shares That Is the Number

Question 22

Multiple Choice

BL Lumber just authorized 5,000 new shares that is the number of shares they expect to sell over the next 2 years.These shares will be sold as,and if,funds are needed.This situation best describes which one of the following terms?


A) Shelf cash offer
B) Timed placement
C) Competitive firm cash offer
D) Dutch auction
E) Direct placement

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