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Which of the following is correct regarding a syndicate? It typically requires only a small capital investment to fulfill its purpose. It has perpetual existence.

Which of the following is correct regarding a syndicate?

It typically requires only a small capital investment to fulfill its purpose.

It has perpetual existence.

It is formed because one person is willing to put up the entire amount of money required for the undertaking of the syndicate.

It is most commonly used to underwrite large insurance policies, loans, and investments.

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