A(n) ___________ specializes in finding buyers for newly issued securities and helps arrange financing for companies.

Question

Quizplus · Accepted Answer

An investment banking firm specializes in underwriting and distributing newly issued securities, as well as helping companies arrange financing through various means such as IPOs or private placements. The stock market and stock exchange are platforms where securities are traded, but they do not specialize in finding buyers for newly issued securities. The open market is a term used to refer to various markets where products and services are sold, and a commercial bank primarily deals with providing banking services such as deposits and loans to customers.

A(n) ___________ Specializes in Finding Buyers for Newly Issued Securities