Executive Tours has decided to take its firm public and has hired an investment firm to handle this offering.The investment firm is serving as a(n):

Question

Quizplus · Accepted Answer

The investment firm is serving as an underwriter, which is a financial institution that helps a company issue and sell its securities to the public. Underwriters typically take on the risk of buying the securities from the issuer and then selling them to the public, and they receive a fee for their services.

Executive Tours Has Decided to Take Its Firm Public and Has