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Business, 19.07.2021 20:50 gorbyalexis

A municipality is issuing 40,000 bonds at a public offering price of $1,000. The manager of the underwriting syndicate receives $1.50 per bond. The total takedown is $6.50 per bond and the selling concession is $4.00 per bond. Assume the entire issue is sold with the selling group distributing 20,000 of the bonds sold. Calculate the amount of compensation the syndicate will receive for its risk on selling group sales

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A municipality is issuing 40,000 bonds at a public offering price of $1,000. The manager of the unde...

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