Which one of the following best fits the description of a private placement?

Question

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A private placement is typically a sale of securities to a limited number of sophisticated investors. Option B, a 10-year loan from an insurance company, fits this description as it involves a transaction between two parties (the borrower and the insurer) without the need for public offering. Other options involve more public involvement, such as a commercial bank loan or bonds sold in the public markets. Option C and D also involve direct loans, but the length of the loan term is much shorter than option B.

Which One of the Following Best Fits the Description of a Private