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When investment bankers act in the function of underwriters, they A . give a firm commitment to purchase the securities from the corporation at a

When investment bankers act in the function of "underwriters," they

A. give a "firm commitment" to purchase the securities from the corporation at a set price.

B. guarantee that the company will not suffer a decline in earnings after taxes.

C. are allowed to sell as many securities as possible and return the rest unsold.

D. are allowed to give advice to the companys management.

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