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Underwriting is the process in which: Select one: a. the investment banker guarantees to buy the new securities for a fixed price. b. the investment

Underwriting is the process in which:

Select one:

a. the investment banker guarantees to buy the new securities for a fixed price.

b. the investment banker does not guarantees to buy the new securities.

c. the investment banker guarantees to buy the existing securities for a fixed price.

d. the investment banker guarantees to buy only 50% of the new securities.

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