Why is it important that in an underwriting the investment banker does not overvalue (that is, overprice)

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Why is it important that in an underwriting the investment banker does not overvalue (that is, overprice) the securities? If the securities are overpriced, who suffers the loss?

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Investments An Introduction

ISBN: 978-0324561388

9th Edition

Authors: Herbert B Mayo

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Question Posted: Jun 26, 2012 05:12 AM

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Why is it important that in an underwriting the investment banker does not overvalue (that is, overprice)

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Investments An Introduction

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