The preliminary prospectus for an issue of eurobonds is called a:

Question

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The preliminary prospectus for an issue of eurobonds is called a red herring. A red herring prospectus is a preliminary draft document that provides details about an upcoming financial securities deal, such as an initial public offering (IPO), but does not include all of the important details. The name "red herring" comes from the warning in bold red letters that the document is not yet finalized and may be subject to change.

The Preliminary Prospectus for an Issue of Eurobonds Is Called