Lamar has just gotten a new job and is attending a company party where he will meet his colleagues for the first time. his boss escorts him around to small groups to introduce him. at the first group, lamar meets four people and is told only their first names. the same thing happens with a second group and a third group. at the fourth group, lamar is told their names and that one of the women in the group is the company accountant. a little while later, lamar realizes that while remembers the names of the people in the fourth group, he can no longer recall the names of anyone he met earlier in the party. lamar's experience demonstrates

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.