21-83 Which of the Following Is Not a Reasonable Argument

question 117

Multiple Choice

21-83 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.
• E)More competition will increase the new issue proceeds to the issuing firm.

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