Underwriters usually play a triple role-first providing the company with procedural and financial advice,then buying the stock,and finally reselling it to the public.

Name: Underwriters usually play a triple role-first providing the company with procedural and financial advice,then buying the stock,and finally reselling it to the public.
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Question

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Underwriters typically provide advice and assistance to companies preparing to go public, purchase the stock from the company, and then resell it to the public.

Underwriters Usually Play a Triple Role-First Providing the Company with Procedural