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Define Primary versus Secondary market Services performed by investment bankers and underwriters (book building; firm commitment; best effort is where the underwriter makes no price
- Define Primary versus Secondary market
- Services performed by investment bankers and underwriters (book building; firm commitment; best effort is where the underwriter makes no price guarantees, but tries to get highest price for IPOunderwriter acts only as a middleman and IPO assumes all price risk.)
- Where and how securities are trades What are the general roles of market makers & specialists?
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Development Finance Innovations For Sustainable Growth
Authors: Nicholas Biekpe, Danny Cassimon, Andrew William Mullineux
1st Edition
331954165X, 978-3319541655
