Which of the following statements is true?
A) Rule 144A was instituted to decrease liquidity and increase issuing costs in the private-placement market.
B) Rule 144A was instituted to increase liquidity and decrease issuing costs in the private-placement market.
C) Rule 144A was instituted to increase liquidity and decrease issuing costs in the public-placement market.
D) Rule 144A was instituted to decrease liquidity and increase issuing costs in the public-placement market.
Correct Answer:
Verified
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