Investment banking firms that purchase securities from the issuing corporation with the intent to sell them to brokerage houses are known as ________.

Name: Investment banking firms that purchase securities from the issuing corporation with the intent to sell them to brokerage houses are known as ________.
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Question

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Underwriters are investment banking firms that purchase securities from the issuing corporation with the intent to sell them to brokerage houses,which then sell them to the public.

Investment Banking Firms That Purchase Securities from the Issuing Corporation