The newspaper advertisement of a new securities issue is called a: a

Finance Dec 26, 2020

The newspaper advertisement of a new securities issue is called a:

a. letter of comment.
b. registration statement.
c. prospectus.
d. tombstone.
e. red herring

Expert Solution

A tombstone is an advertisement published by investment bankers. This is usually done before any initial public offering. An ad is posted in a newspaper or a magazine. Hence, the correct answer is-

d. tombstone

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