Question

The underwriting syndicate of a bond offering is a group of investment banks, merchant banks, and the merchant banking arms of commercial banks that specialize in some phase of a public issuance. a group of investment banks, merchant banks, and the merchant banking arms of commercial banks that agree to buy the bond from the issuer and then resell it. a group of investment fund managers, brokers, and dealers who specialize in the secondary bond market. none of the options

Answer 1

The answer is A.

Step-by-step explanation:

A syndicate is usually not one but a group. An underwriter syndicate is a group of investment banks(can also be commercial banks for the purpose of loan) and broker-dealers agree to sell new offerings of equity or debt securities to investors. There is usually a particular bank that leads and it is called the lead underwriter.

The correct option is A.