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Explain the term - Underwriting
Underwriting is an agreement whereby underwriter promises to subscribe to a specified number of debentures or shares or a specified amount of stock in event of public not subscribing to issue. If issue is fully subscribed then there is no liability for underwriter. If a part of share issues remains unsold, underwriter would buy these shares. Hence underwriting is a guarantee for the marketability of shares.
The financial data is of little value in its raw form. However, the same may be analyzed and be put in the form more meaningful to the recipients. This is normally done by using va
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if you won the publisher''s clearing house $10 million prize (payable as 30 pmts of $250,000 and $2.5m in yr. 30) and could invest the money at 8%, would you accept an offer of $3.
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Download a set of financial statements "Creative Technology Ltd" From that set of Financial Statements. IN YOUR OWN WORDS, understand what the main revenue streams of the business
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