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Bryan's Extended Family from Out of Town Come to Watch

question 15

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Bryan's extended family from out of town come to watch the fireworks display at the local park to celebrate the town's bicentennial, and get to enjoy the show even though they do not pay taxes in that town. Bryan's extended family could be considered ______.


Definitions:

Institutional Investors

Entities such as pension funds, insurance companies, and mutual funds that invest large amounts of money in securities, real estate, and other investment assets.

Syndicated Offerings

A financing arrangement where multiple lenders team up to provide a borrower with a large loan, often used in big and complex projects.

Marketing Functions

Various activities or roles that are performed in the process of marketing goods and services, including product promotion, distribution, pricing, and customer service.

Investment Banks

Financial institutions that provide a variety of services, including underwriting, acting as intermediaries between securities issuers and investors, and offering financial advisory services.

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