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  3. the term "red herring" relates to the: sec's appro

The term "red herring" relates to the: SEC's approval of a stock offering from a...

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Finance

The term "red herring" relates to the:

SEC's approval of a stock offering from a company whose future is questionable.

circulation of the company's prospectus prior to approval by the SEC.

document distributed to potential investors that is stamped "incomplete information."

SEC's conditional approval of the prospectus.

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