Moon Company plans to issue 10 million shares in a seasoned equity offering. The owner, Ken Moon, plans to sell 4 million shares as part of the offering. Which of the following is true regarding the seasoned equity issue?
A) It is a primary offering.
B) It is a secondary offering.
C) Some shares are primary shares and some shares are secondary shares.
D) None of the above is true regarding this seasoned equity offering.
Answer: C
Business
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