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Which of the following statements is INCORRECT? Select one: a. Although Going public can provide a liquid market for a firm's shares, it cannot guarantee
Which of the following statements is INCORRECT? Select one: a. Although "Going public" can provide a liquid market for a firm's shares, it cannot guarantee a true intrinsic value in the market. O b. 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 IPO market. O c. It is possible for a firm to go public and yet not raise any additional new capital for the firm itself. Od. The stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the SEC. e. When a corporation's shares are owned by a few individuals, we say that the firm is "publicly owned
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