Underwriters for an International Bond Issue Will Commit Their Own

question 47

Multiple Choice

Underwriters for an international bond issue will commit their own capital to buy the issue from the borrower at a discount from the issue price.The discount,or underwriting spread,is typically

• A)in the 1 to 1.5 percent range.
• B)in the 2 to 2.5 percent range.
• C)in the 3 to 3.5 percent range.
• D)in the 4 to 4.5 percent range.

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Definitions:

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