Which of the following statements is NOT true? About half of all corporate debt is sold through the private placement market. Private placement occurs
Which of the following statements is NOT true? About half of all corporate debt is sold through the private placement market. Private placement occurs
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation
Section: Chapter Questions
Problem 5Q
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Which of the following statements is NOT true?
About half of all corporate debt is sold through the private placement market.
Private placement occurs when a firm sells unregistered securities directly to investors such as insurance companies, commercial banks, or wealthy individuals.
Investment banks and money center banks often assist firms with private placements.
In private placements, there are no restrictions on the resale of the securities.
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