When investment bankers act in the function of "underwriters," they
A) give a "firm commitment" to purchase the securities from the corporation at a set price.
B) guarantee that the company will not suffer a decline in earnings after taxes.
C) are allowed to sell as many securities as possible and return the rest unsold.
D) are allowed to give advice to the company's management.
A) give a "firm commitment" to purchase the securities from the corporation at a set price.
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