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In a firm commitment underwriting of a municipal bond issue, when the syndicate manager makes the sale, the compensation is A) the selling concession. B) the manager's fee. C) the spread. D) the total
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In a firm commitment underwriting of a municipal bond issue, when the syndicate manager makes the sale, the compensation is

A) the selling concession.
B) the manager's fee.
C) the spread.
D) the total takedown.

User JJussi
by
8.2k points

1 Answer

6 votes

Answer:

a

Step-by-step explanation:

User Daniel Abou Chleih
by
9.1k points
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