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Statement I. A draft prospectus which contains information regarding a possible investment offering is called a red herring. Statement II . A group of investment

Statement I. A draft prospectus which contains information regarding a possible investment offering is called a red herring.
Statement II. A group of investment bankers or investment banks is called an underwriting syndicate.
Both statements are false.
Statement I is false while Statement II is true.
Statement I is true while Statement II is false.
Both statements are true.
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