23.Which of the following unrelated statement/s is/are true?

I.A firm commitment is an underwriting arrangement where the underwriter/s agrees to buy all the shares that the company is willing to offer

II. Diluted EPS can be the same but never lower than basic EPS

III. When a private company wants to go public, it does so in the secondary market

IV. Another way for a private company to be become a public company is via a direct public offering

a.I, II & IV

b. I only

c.III only

d. I & IV

24. Which of the following unrelated statement/s is/are true?

I. A private company raises additional funds in a direct public offering

II. A private company does not raise additional funds in an initial public offering

III. The global pandemic is a good example of an unsystematic risk

IV. The figures in the balance sheet are for a specific date only

a. IV only

b.I & II

c.III only

d.II & III