SIE Exam Question 905: Answer and Explanation

Question: 905

Which of the following is a notice made in the financial press that formally announces a particular transaction, such as an IPO or stock placement?

  • A. Omitting prospectus
  • B. Preliminary prospectus
  • C. Red herring
  • D. Tombstone ad

Correct Answer: D

Explanation:

A tombstone ad is a notice made in the financial press that formally announces a particular transaction, such as an IPO or stock placement.

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