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Which of the following statements is CORRECT? Select one: a. When stock in a closely held corporation is offered to the public for the first

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Which of the following statements is CORRECT? Select one: a. When stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public or an IPO", and the market for such stock is the secondary market. b. It is possible for a firm to go public and yet not raise any additional new capital for the firm itself. c. When a corporation's shares are owned by a few individuals, we say that the firm is "publicly owned". d. The stocks of publicly owned companies generally are not registered with and not reported to a regulatory agency such as the SEC. X 6. Going public" establishes a firms true intrinsic value and ensures that aliquid market will always exist for the firs' shares

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