Which of the Following Is Not a Reasonable Argument for the Increase

question 131

Multiple Choice

Which of the following is not a reasonable argument for the increase in the number of banks that can compete in security underwriting activities?

• A)Small firms gain increased access to the capital markets.
• B)Lower commission and fee expense for firms issuing securities.
• C)Issuing firms realize an increase in the degree of underpricing of new issues.
• D)The market for securities underwriting will see a decline in market concentration.

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