What is the term for an investment bank’s practice of buying new issue
QUESTION
What is the term for an investment bank’s practice of buying new issues of corporate securities and selling them to the public?
A) syndication
B) underwriting
C) initial public offering
D) auctioning
E) institutional investing
ANSWER
Answer: B
Explanation: B) The activity of buying new issues of stocks or bonds from issuing corporations and reselling them to the public is called underwriting.
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