Fortunato is excited for the coming week. He works for a large investment firm and will be taking part in his first IPO. He will be responsible for purchasing the stock and then reselling it to public investors. Fortunato most likely works as a(n)
A) capital gains advisor.
B) underwriter.
C) institutional investor.
D) day trader.
E) liquidity provider.

Question

Quizplus · Accepted Answer

Underwriters are responsible for purchasing stocks from the issuing company and reselling them to the public, which is the role Fortunato is described as performing in the scenario.

Fortunato Is Excited for the Coming Week