Which one of the following best fits the description of a private placement? A. 3-year commercial...

Which one of the following best fits the description of a private placement?

A. 3-year commercial bank loan B. 10-year loan from an insurance company C. 2-year direct business loan D. 3-year loan to a firm by its original founder E. 20-year bonds sold in the public markets

Expert Solution

Ans D. 3-year loan to a firm by its original founder

3-year loan to a firm by its original founder best fits the description of a private placement. Loans from co-founders, promoters, first shareholders are covered under private placement.

jeff jeffy answered 2 years ago

Which one of the following best fits the description of private placement?

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