An Initial Public Offering Is _____

An initial public offering is _____

A) the first sale of stock of a newly formed company to the public.
B) the initial dividend paid to the shareholders of a company when the company makes a profit.
C) a lump-sum payment given to the bondholders of a company after the first year of purchasing the bond.
D) the initial sale of stocks of a company to a few favored enterprises at a low price.
E) an initial investment made by the public in a company that is in financial trouble.