IIA
IIA-CFSA · Question #271
"A negotiated offering in which a new issue of municipal securities is sold on an agency basis by a placement agent directly to institutional or private investors rather than through an offering to…
The correct answer is B. Private placement. See the full explanation below for the reasoning.
Question
“A negotiated offering in which a new issue of municipal securities is sold on an agency basis by a placement agent directly to institutional or private investors rather than through an offering to the general investing public” is referred as:
Options
- APublic offering
- BPrivate placement
- Cover the counter trade
- DNone of these
How the community answered
(58 responses)- A9% (5)
- B71% (41)
- C3% (2)
- D17% (10)
Community Discussion
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