The prospectus is a contract outlining the duties, responsibilities and fees between the issuing firm and its underwriter.

Name: The prospectus is a contract outlining the duties, responsibilities and fees between the issuing firm and its underwriter.
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Quizplus · Accepted Answer

A prospectus is a legal document issued by companies that are offering securities for sale, providing details about the investment offering to the public, not a contract between the issuing firm and its underwriter.

The Prospectus Is a Contract Outlining the Duties, Responsibilities and Fees