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Which of the following statements about secondary offerings is true? 1. The firm receives new capital in a secondary offering. 2. A secondary offering occurs

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Which of the following statements about secondary offerings is true? 1. The firm receives new capital in a secondary offering. 2. A secondary offering occurs when a firm issues equity for the second (or third, etc.) time. 3. Venture capitalists can use a secondary offering to realize a return on their investments 4. Secondary offerings can occur concurrently with an IPO. A) 1 and 3 only B) 3 and 4 only OC) 2 only D) 2 and 3 only E) 1, 2, 3 and 4

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