Omar Ansari,a relatively conservative investor,received a prospectus from his stockbroker providing details about XYXY Biotech Company and its planned IPO.XYXY was developing a new and promising type of anti-cancer drug.After studying the prospectus,Omar decided not to invest in the IPO.Which one of the following items of information in the prospectus was most likely NOT a factor in Omar's decision?
A) XYXY was competing with many other biotech companies.
B) XYXY's CEO, although not a famous scientist, had a solid background in cancer research.
C) XYXY's drug might not be approved by the FDA.
D) XYXY would not be profitable for many years, even if its new drug was approved by the FDA.
E) XYXY would soon have to return to the capital market for additional financing.
Correct Answer:
Verified
Q61: Which of the following is the name
Q62: Which of the following issues do Ryerson
Q63: Which of the following assumptions does Groh
Q64: Which of the following,if true,would undermine Groh's
Q65: Marcia has purchased some corporate bonds,which come
Q67: What are low grade bonds usually called?
A)
Q68: Tim wants to invest in stocks and
Q69: Dynamo Motors has begun to sell corporate
Q70: The time it takes to double an
Q71: Shawna has gotten into investing and is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents