Question
Market stabilization A. is the action by the managing investment banker to keep the price of newly issued securities from falling below the issue price
Market stabilization
| A. | is the action by the managing investment banker to keep the price of newly issued securities from falling below the issue price to the public. | |
| B. | usually lasts 2-3 days but can last up to 30 days if a security is difficult to distribute. | |
| C. | cannot always keep prices of securities from falling |
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
