Which of the Following Best Defines the Term Syndicate

question 119

Multiple Choice

Which of the following best defines the term syndicate?

• A) Underwriter sells as much of the issue as possible, but can return any unsold shares to the issuer without financial responsibility.
• B) Financing for new, often high-risk ventures.
• C) A group of underwriters formed to reduce the risk and help to sell an issue.
• D) Loans made by a group of banks or other institutions.
• E) Direct business loans of, typically, one to five years.

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