Question: Question Mode Multiple Choice Question Equity capital generally has a larger underwriting spread than debt capital because Blank _ _ _ _ _ _ .

Question Mode
Multiple Choice Question
Equity capital generally has a larger underwriting spread than debt capital because Blank______.
Multiple choice question.
the market for equity is much larger than the market for debt
the investment banker takes on more risk underwriting equity than debt
the investment banker takes on more risk underwriting debt than equity
there is more uncertainty with the debt cashflow than with equity cashflow

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