Business Studies, asked by soniasikka, 3 months ago

who are underwriters in case of stock

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Answered by taehyung24

Answer:

An underwriter is a person who agrees to take a specified number of shares or debentures, in case, not subscribed by the public. ADVERTISEMENTS: That is, an underwriter is liable to take up shares in case the public fails to subscribe whereas a broker is not liable.

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