1. Which of the following statements regarding the June 2009 bankruptcy of General Motors (GM) is false?
The government provided more than $50 billion in the bailout.
The common stockholders received no cash.
The U.S. government still owns some of the common stock of GMas of 2014.
The secured debtholders were paid off in full.
2. Which of the following statements about secondary offerings is FALSE?
Secondary offerings may occur when holders of large blocks of stock wish to sell too many shares for normal channels to handle.
Secondary offerings occur after an IPO.
Secondary offerings occur when an investment banker underwrites the sale of stock for existing stockholders, rather than for the company.
There is a trend away from the use of secondary offerings.