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The underwriter's spread _____. A. compensates the investment banker for expenses and risk of a primary offering it underwrites B. is the difference between gross
The underwriter's spread _____.
A. compensates the investment banker for expenses and risk of a primary offering it underwrites
B. is the difference between gross proceeds and net proceeds of a new securities issue
C. is associated only with offerings placed through the shelf registration process
D. all of the above
E. only (A) and (B)
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