Which of the following is the best definition of a seasoned new issue?

Multiple Choice

A new issue of securities by a firm that has already issued securities in the

past.

A preliminary prospectus distributed to prospective investors in a new issue

of securities$.$

The creation and sale of securities on public markets.

A company's first equity issue made available to the public. Also an

unseasoned new issue.

Legal document describing details of the issuing corporation and the

proposed offering to potential investors.