Which of the following statements regarding private placements is false?
A) A private placement is a bond issue that does not trade on a public market but rather is sold to a small group of investors.
B) Privately placed debt need not conform to the same standards as public debt; as a consequence, it can be tailored to the particular situation.
C) Canadian governments never issue bonds to raise funds to meet their short-term cash flows.
D) Because a private placement does not need to be registered, it is less costly to issue.
Correct Answer:
Verified
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