Moon Company plans to issue 10 million shares in a seasoned equity offering. The owner, Ken Moon, plans to sell 4 million shares as part of the offering. Which of the following is true regarding the seasoned equity issue?
A) Some shares are primary shares and some shares are secondary shares.
B) It is a primary offering.
C) It is a secondary offering.
D) None of the above is true regarding this seasoned equity offering.
Correct Answer:
Verified
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