13. The issue of prospectus by a company is an invitation to members of the public to _____
The issue of prospectus by a company is an invitation to members of the public to
(a)Subscribe to the company share(b)buy the company product(c)attend the company board meeting(d)receive dividends
EXPLANATION:
What Is a Prospectus?
A document issued by a company to invite the public and the investors for subscribing the securities is called a prospectus. The prospectus contains detailed information on the securities.
A public company can issue the prospectus to offer its shares and debentures, whereas a private company cannot issue prospectus.
A prospectus is a formal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. A prospectus is filed for offerings of stocks, bonds, and mutual funds.
The prospectus can help investors make more informed investment decisions because it contains a host of relevant information about the investment or security.
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