The Underwriting Syndicate of a Bond Offering Is

The underwriting syndicate of a bond offering is

A) 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.
B) a group of investment fund managers, brokers, and dealers who specialize in the secondary bond market.
C) a group of investment banks, merchant banks, and the merchant banking arms of commercial banks that specialize in some phase of a public issuance.
D) none of the above

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