discuss the nature and importance of prospectus
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A public company issues prospectus when it wants to raise fresh capital by offering it's shares or other securities for sale to public. ... It is a window of information showing the financial position of the company stating summary of balance sheet, profit and loss figures.
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As an investor, it is important to get as much information as possible about an investment before putting your money into it. One of the documents supplied by many companies is the prospectus. The prospectus provides you with information about the investment and helps you make an educated decision as an investor.
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