14. Financial intermediaries spread their risk by providing funds to a large number and variety of borrowers by offering many different types of loans. Due to this, the loan portfolios of intermediaries are said to be a. well diversified b. well consolidated C. economically efficient d. partially underwritten e. partially shelf registered 12. A document describing a new security issue and the issuing company is called a(n) a. registration statement b. underwriting statement c. prospectus d. footnote e. abridged statement