The existence of a "bought deal" in public offerings of bonds came about as a result of
A) shelf registration.
B) a narrow underwriting spread.
C) the need of investment banks to form syndicates before underwriting an issue.
D) the need by underwriters to avoid as much risk as possible.
A
Economics
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The most progressive tax of the major taxes employed in the United States _____
a. are sales taxes b. are excise taxes c. are income taxes d. are property taxes
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If the United States purchases oil from Kuwait, what is the effect in the exchange market? a. It will increase the supply of U.S. dollars
b. It will decrease the supply of U.S. dollars. c. It will increase the demand for U.S. dollars. d. It will decrease the demand for U.S. dollars.
Economics