Exhibit 4 - 4-1Exhibit 4.14-2Relationships with Investment

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Unformatted text preview: 4-1Exhibit 4.14-2Relationships with Investment BankersNegotiatedMost commonFull services of underwriterCompetitive bidsCorporation specifies securities offeredLower costsReduced services of underwriterBest-effortsInvestment banker acts as broker4-3Introduction of Rule 415Allows firms to register securities and sell them piecemeal over the next two yearsReferred to as shelf registrationsGreat flexibilityReduces registration fees and expensesAllows requesting competitive bids from several investment banking firms4-4Private Placements and Rule 144ARule 144A allows corporationsincluding non-U.S. firmsto place securities privately with large, sophisticated institutional investors without extensive registration documents.These securities can subsequently be traded among large sophisticated investors.Lower issuing costs than public offering.4-5Secondary Financial MarketsWhy Secondary Financial Markets Are Important?...
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This note was uploaded on 01/19/2012 for the course FIN 4360 taught by Professor Davidbray during the Spring '12 term at Kennesaw.

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Exhibit 4 - 4-1Exhibit 4.14-2Relationships with Investment

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