Exercise

Fill in the blank with the appropriate term.

1. The _____ is a 20-day period that begins once a registration statement has been filed with the SEC.

2. The preliminary prospectus includes everything that will be in the final prospectus, except the _____.

3. Even before a registration statement becomes effective, underwriters may accept non-binding _____ from investors.

4. During a _____, the lead underwriter and the issuer’s managemen