Put option is the right to
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Put option is the right to
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of successful transactions. As large industry emerged and created the need for corporate finance, the amounts of capital required could not be provided by anyone bank, and so initial public offerings (IPOs) and bond offerings to the public became the only way to raise the needed capital.
The public in the U.S. and foreign investors in Europe knew very little about investing, due to the fact that disclosure was not legally enforced. For this reason, these issues were largely ignored, according to the public's perception of the underwriting ban
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