Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
15th Edition
ISBN: 9780134476315
Author: Chad J. Zutter, Scott B. Smart
Publisher: PEARSON
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Chapter 2.4, Problem 2.14RQ
Summary Introduction

To discuss:

The role of an investment bank in a public offering and the underwriting syndicate.

Introduction:

An investment bank is a specialized financial institution that facilitates issue of new securities and advises firms on financial transactions. The partners of main investment bank who jointly shares the risk of underwriting is known as the underwriting syndicate.

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