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When an investment banker acts as an underwriter he: (Points : 10) gives a firm commitment to purchase the securities from the corporation at a

When an investment banker acts as an "underwriter" he: (Points : 10)

gives a "firm commitment" to purchase the securities from the corporation at a set price. The company suffers a decline in earnings after taxes. may sell as many securities as possible and return the rest unsold. may give advice to management.

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