Who acts as the intermediary between companies issuing stock and investors who purchase the stock?
A) an investment bank
B) the Securities and Exchange Commission
C) a prospectus
D) an overwriter
E) the New York Stock Exchange
A
Explanation: A) An investment bank (often referred to as the underwriter) serves as an intermediary between a company issuing the stock and the investors who purchase the stock. Before the sale of the stock, investment bankers prepare the required documents for filing with the SEC.
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