Question

Spordyne Inc. recently raised capital through an initial public offering (IPO). Its stock can now be purchased on the NYSE. This company is referred to as: A. A publicly owned corporation B. A closely held corporation

Answer 1

Answer:

A. A publicly owned corporation 

Explanation:

A public corporation is a type of corporation where members of the public can become owners of the firm by purchasing shares of the company.

A public corporations stock is usually listed on the NYSE.

I hope my answer helps you.