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Underwriting a new security issue for any corporation

What does an investment banker do while underwriting a new security issue for any corporation?
While underwriting a new security issue an investment banker purchase it and after that resells it to investors.

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  • Q : Underwriting a new security issue for

    What does an investment banker do while underwriting a new security issue for any corporation? While underwriting a new security issue an investment banker purchase it and after that resells it to investors.

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