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    Corporate Finance Study Set 8
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    Exam 20: Issuing Securities to the Public
  5. Question
    A Registration Statement Is Effective on the 20<sup>th</sup>day After Filing
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A Registration Statement Is Effective on the 20thday After Filing

Question 3

Question 3

Multiple Choice

A registration statement is effective on the 20thday after filing unless:


A) the SEC is backlogged with statements.
B) a tombstone ad is issued indicating its demise.
C) a letter of comment suggesting changes is issued by the SEC.
D) a syndicate can be formed sooner.
E) None of the above.

Correct Answer:

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