Underwriters are a group of investment bankers who buy an entire bond or stock issue from a corporation and then sell the issue to the general investing public.

Name: Underwriters are a group of investment bankers who buy an entire bond or stock issue from a corporation and then sell the issue to the general investing public.
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Question

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Underwriters act as intermediaries between corporations and the public by purchasing an entire issue of securities and then selling them to investors at a profit.

Underwriters Are a Group of Investment Bankers Who Buy an Entire