Question
2. Identify which of the major classifications of financial securities each of the below transactions falls under: a. Philadelphia 76ers owner Josh Harris offers you
2. Identify which of the major classifications of financial securities each of the below transactions falls under:
a. Philadelphia 76ers owner Josh Harris offers you 3% of the team in exchange for $18 million.
b. Your next-door neighbor purchases an Emerging Technology Mutual Fund called The Hi-Tech Equity Max Fund from Fidelity Investments.
c. Your roommate buys a new Chevy Cruze, putting no money down and arranging financing through GM Capital for 7 years at 3.5% annual interest.
d. Walmart uses $10 million of the cash it has on hand to buy US Treasury notes.
e. Wawa decides to have an Initial Public Offering of its shares in November of 2020.
f. In order to buy its competitor Miller SAB, Anheuser Busch-In Bev corporation issues $45 billion in financial securities that will be paid back in 2044 at a 4.6% interest rate.
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