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Which of the following steps is NOT required to arrange an IPO? Select one: a. Company prepares a prospectus (usually with outside help) and

Which of the following steps is NOT required to arrange an IPO? Select one: a. Company prepares a prospectus (usually with outside help) and submits it to the Securities and Exchange Commission (SEC) for approval. b. Underwriting is arranged for the issue of shares c. Existing shareholders are offered a rights issue d. Company appoints an investment banking firm to arrange financing.

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