When investors successfully take a firm private, the company's stock is
A) converted into bonds.
B) converted into cash.
C) no longer sold to investors on the open market.
D) pledged as collateral to its bondholders.

Question

Quizplus · Accepted Answer

When investors take a firm private, they obtain all of the stock for themselves. The stock is no longer traded on the open market.

When Investors Successfully Take a Firm Private, the Company's Stock