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Portillo's Restaurants creates and sells additional stock to the investment banker Bank of America. Bank of America then resells the issue to the U.S. public

Portillo's Restaurants creates and sells additional stock to the investment banker Bank of America. Bank of America then resells the issue to the U.S. public through its mutual funds; Bank of America is acting as

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a broker-dealer.

a stock trader.

an asset transformer.

a market maker.

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