FOUND.OF FINANCIAL MANAGEMENT-ACCESS
FOUND.OF FINANCIAL MANAGEMENT-ACCESS
17th Edition
ISBN: 9781260519969
Author: BLOCK
Publisher: MCG
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Chapter 15, Problem 3DQ
Summary Introduction

To explain: How the risk is decreased by an underwriting syndicate for each underwriter and how the distribution process is facilitated.

Introduction:

Underwriting:

The services that are provided by either an individual or a financial institution of undertaking the risk that is associated with the investments involved in a venture for a premium or fee is termed as underwriting.

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