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5 years ago
In investment banking the "spread" is the difference between
A) the value of a firm's assets and the value of its liabilities.
B) the bid and asked prices on a bond.
C) the price of new capital guaranteed to the issuing firm and the price that can be obtained in the market.
D) the price of a new stock issue and the price of an equivalent new bond issue.
Textbook 
Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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