MENU
Bubba Securities, Inc. offers 3,000,000 shares of Top Notch Manufacturing Corporation common stock at $27 per share. The next day an advertisement appears in the Wall Street Journal announcing the offering and listing the names of some of the underwriting firms.
This ad is commonly referred to as a:
Suggested Answer: B
Get Premium Series-7 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
tombstone ad. Tombstone ads are used to announce new issues. They do not offer to buy or sell securities. They are informational only.
12 comments · newest first
AL
Altha
1 month ago
I feel confused. Why not just call it a public offering?
AL
Alona
1 month ago
Agreed, tombstone ad makes sense. It's about the offering.
HI
Hillary
1 month ago
I think it's a tombstone ad. It's a standard term.
MA
Malcolm
2 months ago
Syndicate announcement? Nah, that's not right.
TE
Tennie
2 months ago
Nope, it's a tombstone ad for sure.
CA
Carmelina
2 months ago
Wait, is it really just called a tombstone ad? Sounds weird.
DE
Devorah
2 months ago
I thought it was called a public offering?
FE
Felix
2 months ago
That's definitely a tombstone ad!
CO
Colene
2 months ago
I feel like I’ve seen a similar question before, and it was definitely about tombstone ads. I’m leaning towards B) tombstone ad as well.
GL
Glenna
3 months ago
I’m a bit confused. I thought a public offering was just the overall process, not the ad itself. Could it be A) public offering instead?
PO
Polly
3 months ago
I remember discussing the different types of ads in our study group, and I think a tombstone ad is specifically for public offerings. So, I would go with B) tombstone ad.
FA
Fatima
3 months ago
I think the answer might be B) tombstone ad, but I'm not entirely sure. We covered this in class, and it sounds familiar.