When stock and other corporate securities are sold directly to insurance companies, pension funds, or large institutional investors it is said that a(n) ____ has been made.
A) private placement
B) initial public offering
C) discrete sale
D) private transaction
Question 2
Weyerheuser owns vast acres of land in Washington State near Mt. Saint Helens where it grows trees for harvesting to make everything from lumber to build houses to newsprint for newspapers. Which of the following best represents some of the material resources of this business.
A) Trees, logging trucks, and paper mills.
B) Secretaries, loggers, and truckers.
C) Computers, cash, and desks.
D) Trees, loggers, and computers.
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Introduction to Corporate Finance, 5th