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Unformatted text preview: 14-4 (a)continuous market – price volatility reduced (b)establishing & publicizing fair security prices – objective auction-type determination of price (c)helping business raise new capital – new firms have a place to publicize security offerings whose price will be subjected to a competitive determinant rather than having to assign prices 14-7 The i-banker is a financial spet involved as a financial intermediary in the merchandising of securities. He or she underwrites, distributes, and advises. (a)underwriting : assuming a risk; i-banks will buy in primary markets and sell in secondary markets (b)distributing : selling function (c)advising : offers guidance about the wholesale purchase/selling of stocks of MMI & CPI 15-12A is in Spreadsheet 15-13A is in Spreadsheet...
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This note was uploaded on 01/27/2009 for the course FIN FIN 370 taught by Professor Unknown during the Spring '09 term at University of Phoenix.
- Spring '09
- Financial Markets