
Spinning is the practice of
A) investment banks allowing executives of potential client companies to buy underpriced initial public offerings of other companies' securities.
B) investment bank analysts providing misleading information about a company to encourage more investors to purchase the company's securities.
C) accounting firms encouraging its audit clients to also purchase its management advisory services.
D) credit rating agencies providing higher ratings on a company's securities in order to develop a long-term relationship with the company.
Correct Answer:
Verified
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