Private Placements Can Be Advantageous Rather Than Public Issue Because

Private placements can be advantageous rather than public issue because ________.
I. private placements are cheaper to market than public issues
II. private placements may still be sold to the general public
III. privately placed securities trade on secondary markets

A) I only
B) I and III only
C) II and III only
D) I, II and III

Correct Answer:

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