The issues sold by investment banks and guarantees the issuer by buying new issue at fixed price is classified as Options: A . &nbspindex commitment underwriting B . &nbspinsurance underwriting C . &nbspdefault risk underwriting D . &nbspfirm commitment underwriting

The issues sold by investment banks and guarantees the issuer by buying new issu

Question

The issues sold by investment banks and guarantees the issuer by buying new issue at fixed price is classified as

Options:

A . index commitment underwriting

B . insurance underwriting

C . default risk underwriting

D . firm commitment underwriting

Answer: Option D
Answer: (d).firm commitment underwriting

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