Investment Bankers Are in the Business of Underwriting Securities

question 56

True/False

Investment bankers are in the business of underwriting securities. They profit from purchasing the new stock offering of a corporation at a discount, and then selling those shares of stock to the public at the market price.

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Definitions:

Optimistic Explanatory Style

Refers to a manner of explaining life events in a positive light, attributing good outcomes to personal abilities and bad outcomes to external factors.

Pessimistic Explanatory Style

The inclination to ascribe adverse occurrences to constant, inherent, and widespread factors.

Type A Personality

A personality type characterized by high levels of competitiveness, self-drive, impatience, and a constant sense of urgency.

Optimism

An inclination to maintain a hopeful and positive attitude towards the future or the successful outcome of an event.