A _________ refers to the sale of new stock or bond issues to a small group of investors, such as pension funds or insurance companies, rather than to the general public.

Question

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A private placement is the sale of securities to a small group of investors, usually institutional investors such as pension funds, insurance companies, or wealthy individuals. This differs from a public offering, which is open to the general public. Private offerings may be used by companies looking to raise capital without the expense and regulatory requirements of a public offering.

A _________ Refers to the Sale of New Stock or Bond