The spread is the difference between the price paid by the investment bank and the price paid by the public.
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Q9: Firm commitment flotation costs are typically lower
Q10: The time when investment bankers were discussing
Q11: The issuer has no price risk in
Q12: Existing securities are traded in the primary
Q13: Tombstones are announcements of securities offerings placed
Q15: A syndicate is a group of several
Q16: The primary market is a market in
Q17: A prospectus is highly specific to each
Q18: An underwriting agreement is a contract in
Q19: The aftermarket is a period of time
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