Suppose you heard that an investment bank decided not to form a syndicate to underwrite an issue

Question:

Suppose you heard that an investment bank decided not to form a syndicate to underwrite an issue of securities. What does this piece of information tell you about the quality of the securities soon to be offered?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Markets And Institutions

ISBN: 9780138043681

10th Edition

Authors: Frederic S Mishkin, Stanley Eakins

Question Posted: