Ace the Canadian Securities Course 2025 - Rock the CSC Practice Exam!

Question: 1 / 400

What are issued shares in the context of finance?

Shares authorized by the government

Shares held by the board of directors

Shares that have been sold by a corporation

Issued shares refer to the total number of shares that a corporation has sold to investors. This includes both shares sold during an initial public offering (IPO) and any subsequent offerings. The other options are incorrect because

- Option A refers to authorized shares, which are the maximum number of shares that a company is legally allowed to issue.

- Option B refers to shares held by the board of directors, which may or may not include shares that have been sold to investors.

- Option D refers to designated shares, which may be used for a specific purpose such as employee stock options.

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Shares designated for a specific project

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