Question

An underwriter may reduce his burden of buying shares through entering an agreement with another person called

Underwriter
broker
promoter
sub-underwriter​

Answer 1

Answer:

Broker

Explanation:

As broker is a person who purchase and sale shares on behalf of another person

Answer 2

An underwriter may reduce his burden of buying shares through entering an agreement with another person called sub-underwriter​.

Explanation:

• An underwriting agreement is a contract between a syndicate of investment bankers known as an underwriting group and a new securities issue's issuing corporation.
• The agreement ensures that everyone engaged is aware of their role in the process.
• The contract spells forth the underwriting group's commitment to buy the new securities issuance, as well as the agreed-upon price, first resale price, and settlement date.
• An underwriting agreement can be structured in a variety of ways, including best efforts and firm commitment, among others.