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When a company issues securities for the very first time, it is making a(n): A. public offering(PO) B. bid offering (BO) C. primary offering (PO)

When a company issues securities for the very first time, it is making a(n):

A. public offering(PO) B. bid offering (BO) C. primary offering (PO) D. initial public offering (IPO)

Which choice is the right answer?

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