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samualson samualson
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Posts: 2459
6 years ago
A corporation sells securities to an investment banking firm on January 1st. The next day an international oil crisis causes stock prices to drop dramatically. The corporation is immune from the drop in price of its stock due to which function of the investment banking firm?
A) hedging
B) distributing
C) reinsurance
D) underwriting
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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DeanaRayDeanaRay
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6 years ago
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samualson Author
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6 years ago
Genius!!!!!!
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