Tony currently owns 12,000 shares of GL Tools. He has just been notified that the firm is issuing additional shares of stock

Which one of the following is a preliminary prospectus?    A.  tombstone B.  green shoe C.  registration statement D.  rights offer E.  red herring Refer to section 15.2

6.	Advertisements in a financial newspaper announcing a public offering of securities, along with a list of the investment banks handling the offering, are called:    A.  red herrings. B.  tombstones. C.  Green Shoes. D.  registration statements. E.  cash offers. Refer to section 15.2

7.	What is an issue of securities that is offered for sale to the general public on a direct cash basis called?    A.  best efforts underwriting B.  firm commitment underwriting C.  general cash offer D.  rights offer E.  herring offer Refer to section 15.3

8.

Tony currently owns 12,000 shares of GL Tools. He has just been notified that the firm is issuing additional shares of stock and that he is being given a chance to purchase some of these shares prior to the shares being offered to the general public. What is this type of an offer called?    A.  best efforts offer B.  firm commitment offer C.  general cash offer D.  rights offer E.  priority offer Refer to section 15.3