Answer the following statement(s) true (T) or false (F)
The prospectus for an initial public offering (IPO) must disclose fully all pertinent information about a company and must present a fair representation of the firm's true prospects.
ANSWER: True
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A debt security that pays interest forever and never repays the principal is a
A. fiduciary obligation. B. federal funds loans. C. perpetuity. D. junk bond.
Which of the following is not an advantage of issuing long-term debt?
a. The stockholders do not relinquish any control. b. The interest is tax-deductible. c. The risk of becoming bankrupt is reduced. d. Increased earnings accrue to the stockholders.
A corporation is an economic unit that is legally separate from its owners
Indicate whether the statement is true or false
Alerts are transaction based and are sent only if the transaction is committed.
Answer the following statement true (T) or false (F)