Question
BL Lumber just authorized 5,000 new shares that is the number of shares they expect to sell over the next 2 years. These shares will
BL Lumber just authorized 5,000 new shares that is the number of shares they expect to sell over the next 2 years. These shares will be sold as, and if, funds are needed. This situation best describes which one of the following terms?
- Dutch auction
- Timed placement
- Competitive firm cash offer
- Shelf cash offer
- Direct placement
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
