In an underwritten offering, the risk that the entire issue may not be sold to the public
Question:
In an underwritten offering, the risk that the entire issue may not be sold to the public at the stipulated offering price is borne by the:
A. Issuer.
B. Investment bank.
C. Buyers of the part of the issue that is sold.
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B is correct The investment bank bears the risk ...View the full answer
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Related Book For
Investments Principles Of Portfolio And Equity Analysis
ISBN: 9780470915806
1st Edition
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
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