WAEC Commerce 2018 Objective — Question 45
Question 45 of 50 from the West African Examinations Council (WAEC) Commerce 2018 Objective paper, with the correct answer and a full explanation.
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A system of issuing new shares to selected investors instead of the general public is a
- A. public offer
- B. offer for sale
- C. offer by tender
- D. private placementCorrect
Explanation
Private placement is the practice of issuing new shares directly to selected investors rather than to the general public.
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