1. There is clear evidence that in the US, underwriters seem to
be acting collusively to all demand an underwriter spread of 7% of
gross proceeds, no matter the size of the offering. True or
False?
2. In a primary firm commitment general cash offer, the
underwriter buys shares from the issuing firm for a negotiated
price and attempts to resell the shares to public market investors
and a higher price, earing the spread between the offer price and
the...