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If an investment firm underwrites a stock issue, the a corporation obtains cash immediately from the investment firm. b investment firm has guaranteed profits on

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

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