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Underwriter is usually____banks, they make profit from underwriting _____, This profit occurred as a result of spread (difference between selling to the secondary market and

Underwriter is usually____banks, they make profit from underwriting _____, This profit occurred as a result of spread (difference between selling to the secondary market and purchasing from primary market).

Select one:

A. Investment, stocks.

B. Commercial, stocks.

C. Investment, securities.

D. Commercial, securities.

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