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Underwriters generally: 1 6 - 4 6 Multiple Choice pay a spread to the issuing firm. pass the risk of unsold shares back to the

Underwriters generally:
16-46
Multiple Choice
pay a spread to the issuing firm.
pass the risk of unsold shares back to the issuing firm via a firm commitment agreement.
accept the risk of selling the new securities in exchange for the gross spread.
market and distribute an entire issue of new securities within their own firm.
provide only best efforts underwriting in the U.S.
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