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Investment banks purchase new security issues in the hope of making a profit. This is the act of Question 9 options: A) syndicating. B) reinsuring. C) underwriting. D) factoring.

Respuesta :

Answer:

The correct answer is letter "C": underwriting.

Explanation:

Underwriting is a term used most frequently in investment banking, insurance, and commercial banking. Underwriting generally means receiving remuneration for the willingness to pay a potential contingent risk or incur it. In investment banking, underwriting is the process whereby investment bankers represent corporate and government entities in the Initial Public Offering (IPO) of their securities.

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