The document which details the issuer's finances and must be provided to each buyer of the security is called the:
A) indenture
B) prospectus
C) tombstone
D) all the above

Question

Quizplus · Accepted Answer

The document which details the issuer's finances and must be provided to each buyer of the security is called the prospectus. The indenture is a legal document outlining the terms and conditions of a bond. The tombstone is an advertisement for a security offering, typically listing the underwriters and a brief description of the security. While all three documents are related to securities offerings, only the prospectus specifically pertains to the issuer's finances and must be provided to buyers of the security.

The Document Which Details the Issuer's Finances and Must Be