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A shell company raising money before it has a business to buy is a:

ASEBI
BSIDBI
CSPAC
DSIPC
Answer & Solution
Correct answer: C. SPAC
1. The cash comes before the company. 2. It is described as the cart before the horse. 3. That vehicle is a SPAC. _Source: OpenStax Principles of Finance, Chapter 12, US Financial Markets._
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