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  3. Study Set
    Principles of Money Banking
  4. Exam
    Exam 6: The Structure and Performance of Securities Markets
  5. Question
    When an Investment Bank Guarantees an Issuer of New Securities
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When an Investment Bank Guarantees an Issuer of New Securities

Question 7

Question 7

Multiple Choice

When an investment bank guarantees an issuer of new securities a certain price it is acting as a(n)


A) auctioneer.
B) underwriter.
C) broker.
D) dealer.

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