In the initial public offering (IPO) process, which of the following discloses all of the company's pertinent information and presents a fair representation of the firm's true prospects?

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The prospectus is a formal legal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering for sale to the public, including the company's financial performance, risks, and management. It is designed to help investors make informed decisions by presenting a fair representation of the company's prospects and all pertinent information.

In the Initial Public Offering (IPO) Process, Which of the Following