When a company goes through the process of issuing new securities, the stub period is:
A) The time a new registrant must wait before hearing whether the SEC approves their registration statement.
B) The period of time from the last audited financial statement to the date of the most recent interim period prior to issuance of the registration statement.
C) The interim period ending just prior to issuance of the registration statement.
D) The time it takes the Division of Enforcement to evaluate the financial information in the registration statement for signs of potential fraud or misleading information.
Correct Answer:
Verified
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