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QUESTION #2 (10 marks) A. Explain who an underwriter is and what their role is in an IPO. What are the specific responsibilities they have

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QUESTION #2 (10 marks) A. Explain who an underwriter is and what their role is in an IPO. What are the specific responsibilities they have in helping a company with an IPO? (4 marks) B. What is 'underpricing' and why does it happen? Why do corporations permit underpricing? (6 marks) Page 1 of 1

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