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Business, 26.10.2020 17:10 jamilamiller200

The underwriting manager of a Western underwriting syndicate has committed to sell $250,000 worth of bonds out of a total offering of $1 million. There are 10 underwriters of this new issue. The firm sells its entire share, but $100,000 worth of the total bonds remains unsold. What is the manager's remaining liability

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The underwriting manager of a Western underwriting syndicate has committed to sell $250,000 worth of...
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