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Which One of the Following Statements Is Correct

Question 3

Multiple Choice

Which one of the following statements is correct?


A) A lock-in agreement can take the form of an ownership pyramid.
B) Such an agreement consists of underpricing the IPO shares to keep control by outsiders down.
C) A lock-in agreement consists of the incumbent, selling shareholders preventing new shareholders from obtaining board seats.
D) None of the above.

Correct Answer:

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