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The Traditional Process in the United States for Issuing New

Question 9

Multiple Choice

The traditional process in the United States for issuing new securities involves investment bankers performing up to three functions. Which of the below is NOT one of these functions?


A) One function is advising the issuer on the terms and the timing of the offering.
B) One function is selling the securities to the issuer.
C) One function is distributing the issue to the public.
D) One function is buying the securities from the issuer.

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