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  3. if an investment firm underwrites a stock issue, t

If an investment firm underwrites a stock issue, the (Points : 1) ...

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Accounting

If an investment firm underwrites a stock issue, the (Points : 1)
corporation obtains cash immediately from the investment firm. issuance of stock is likely to be directly to creditors. investment firm has guaranteed profits on the sale of the stock. risk of being unable to sell the shares stays with the issuing corporation.

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