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QUESTION -
WHAT DO U MEAN BY UNDERWRITING COMMISSION??
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Answer:
Underwriting commission is the compensation that an underwriter receives for placing a new issue with investors. It is the fee which an investment banker charges for underwriting a security issue. ... This profit is the underwriting commission. Underwriting commission is also called a concession.
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#Hope it will help you....I have given u the picture because it's out of my syllabus if I'll copy then it will be reported!!
#Hope it will help you....I have given u the picture because it's out of my syllabus if I'll copy then it will be reported!!
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