EBK PERSONAL FINANCE
7th Edition
ISBN: 9780100659711
Author: KEOWN
Publisher: YUZU
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Chapter 12, Problem 5DC2
Summary Introduction
To explain:
Invitation received on call from a broker to invest in an IPO promising a no loss guarantee.
Introduction:
Initial public offering is the stock market launch of a private limited company where it sells a specified percentage of stakes of their company to retail or institutional investors by way of issue of equity shares in the market.
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