A syndicate is ___________________________.
A) A small group of institutional investors.
B) Several investment banks working together to sell and distribute a new security issue.
C) Several banks working together to lend a company money for a project or expansion.
D) A group of equity investors that infuse distressed firms with major amounts of capital.

Question

Quizplus · Accepted Answer

A syndicate is typically formed by several investment banks working together to sell and distribute a new security issue, such as stocks or bonds. The banks pool their resources to underwrite the offering and share the risks and rewards.

A Syndicate Is ___________________________