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Type of public offering in which the (lead) investment bank guarantees the sale of the securities at an offering price that is negotiated with the issuer.

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The CFA Institute Investment Foundations Program covers the essentials of finance, ethics, and investment roles, providing a clear understanding of the global investment industry.


1. Type of public offering in which the (lead) investment bank guarantees the sale of the securities at an offering price that is negotiated with the issuer.





 
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