Which of the following statements is most correct? (Please explain the reason behind the answer.)
a.) Private placements can generally bring in funds faster than is the case with public offerings.
b.) In a private placement, securities are sold to private (individual) investors rather than to institutions.
c.) The SEC requires that all private placements be handled by a registered investment banker.
d.) Private placements are convenient for issuers, but the convenience is offset by higher flotation costs.
e.) none of the above
The most correct statement is; a.) Private... View the full answer