Fixed Income Q34

34Which of the following statements is most likely to be correct about bond issuance?
Statement I: Public offerings and private placements are two mechanisms of issuing bonds in a primary market.
Statement II: Shelf registrations are a form of private placements.
Statement III: An auction is a public offering method that involves bidding.

Option : B
Explanation : Statement I and III are correct. Statement II is incorrect because shelf registration is a form of public offering.

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