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Which of the following statements may be included in describing the role of the underwriter: (i) spread the risk of issuing the securities by forming
Which of the following statements may be included in describing the role of the underwriter: (i) spread the risk of issuing the securities by forming a syndicate (ii) stand ready to take up the slack if some shares are not sold (ii) act as an intermediary between the company selling the security and potential investors (iv) purchase and resell extra shares from the issuer in an oversubscribed offering (v) provide advice to the issuing firm (i), (iii) and (v) everything except (ii) (1). (ii) and (ii) (i) to (v) inclusive (i) and (v)
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