A red herring is:

Name: A red herring is:
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Question

A red herring is:

Quizplus · Accepted Answer

A red herring is an unofficial preliminary prospectus that a company files with the SEC before a public offering of securities. It contains most of the information about the company and the offering, except for the final offering price and the effective date of the offering. It is called a red herring because it contains a legend in red ink stating that the offering is not yet effective and that no sales can be made until the SEC approves the final prospectus.

A Red Herring Is