Private equity refers to shares that are not listed on a stock exchange shares that are listed on a private market shares that are owned by institutional investors shares that are owned by retail investors Submit Attempt 1/5 for 10 pts. Part 1 Which are advantages of the private placement of debt? Check all that apply: Lower transaction and distribution costs Lower interest rates Attempt 1/5 for 10 pts. Greater flexibility to tailor the issue to the needs of the issuer and the investors No SEC registration required Submit