When a group of underwriters jointly work together to sell a new issue of securities,the underwriters form a(n):

Name: When a group of underwriters jointly work together to sell a new issue of securities,the underwriters form a(n):
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A syndicate is a group of underwriters who work together to sell a new issue of securities, spreading out the risk and enabling the sale of a larger amount of securities than any one underwriter could sell alone.

When a Group of Underwriters Jointly Work Together to Sell