In November 2008, Grand Canyon Education chose to finance expansion by offering ownership in its firm. These owners of Grand Canyon Education the are entitled to a share of the firmʹs profits. This financing is an example of .

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Issuing stock refers to the process of selling ownership in a company to investors in exchange for funds to finance expansion or other business activities. The owners of the newly issued stock are entitled to a share of the profits of the company, and may also have voting rights in certain company decisions.

In November 2008, Grand Canyon Education Chose to Finance Expansion