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CHAPTER 3

b'2007-4-19\xe2\x80\x82\xc2\xb7\xe2\x80\x82T 2. The difference between the price of a security to the public and the price paid to the issuing company is known as the spread. T 3. An underwriting syndicate is a group of investment bankers that got together to buy a new issue of securities for resale to the public. T 4. The over-the-counter market may be characterized as a secondary market.'