One fee investment bankers earn is based on the ________ that is the difference between what the banker's corporate client receives from the issue of securities and what the public pays.

Question

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The underwriting discount is the difference between the price paid by the investment bank to the corporate client for the securities issued and the price at which they are sold to the public. This fee is typically a percentage of the total amount raised and is one of the main sources of revenue for investment bankers in underwriting transactions.

One Fee Investment Bankers Earn Is Based on the ________