When an investment banker acts as underwriter

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Reference no: EM131299984

When an investment banker acts as an "underwriter" he

A. gives a "firm commitment" to purchase the securities from the corporation at a set price.

B. The company suffers a decline in earnings after taxes.

C. may sell as many securities as possible and return the rest unsold.

D. may give advice to management.

Reference no: EM131299984

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