Moon Company plans to issue 10 million shares in a seasoned equity offering.The owner,Ken Moon,plans to sell 4 million shares as part of the offering.Which of the following is true regarding the seasoned equity issue?
A) It is a primary offering.
B) It is a secondary offering.
C) It is cash offer.
D) It is a rights offer.
E) Some shares are primary shares and some shares are secondary shares.
Correct Answer:
Verified
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