The spread is the difference between the underwriter's purchase price and:

Name: The spread is the difference between the underwriter's purchase price and:
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Question

Quizplus · Accepted Answer

The spread is the difference between the offer price (the price at which the underwriter purchases the securities from the issuer) and the public offering price (the price at which the securities are sold to the public). Therefore, the best choice is E, as it refers to the offer price. The other options are either irrelevant or incorrect.

The Spread Is the Difference Between the Underwriter's Purchase Price