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britt138 britt138
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8 months ago
The phrase “leaving money on the table” refers to the situation where an investment bank makes a very low bid for the right to underwrite a firm’s new stock offering. The banker is in effect “buying the job” with the low bid and thus not getting all the money their firm would normally earn on the job.


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Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
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micp3537micp3537
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