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23. In issuing stock, the term spread refers to A. B. The profit the managing investment gets for an issue of stock The disparity between

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23. In issuing stock, the term "spread" refers to A. B. The profit the managing investment gets for an issue of stock The disparity between the initial asking price and the average price for the stock issued some months later The difference between what the corporation gets for new issues of stock and what the public pays for the stock The total cost to the corporation for issuing new stock C. D. 24. Dilution of earnings occurs because A. A new issue of common stock creates more shares outstanding, which often reduces earnings per share temporarily B. The company suffers a decline in earnings after taxes C. The investment banker collects an underwriting fee D. All of the above options are correct 25. The market stabilization function usually A. Is performed by the issuing company B. Lasts six to nine months C. Provides price support for the stock during the distribution period D. Is illegal

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