An oil and gas exploration and production company announces that it is offering 30 million shares to the public at $45.50 each. Required

1. The companys financial asset is best described as capital market security. True or false, Explain
2. The company is obligated to make specific payments periodically to investors who purchase the security. True or False, Explain
3. Identify the most suitable financial intermediary that would assist the oil and gas company and outline two ways in which this financial intermediary could be of help to the company