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26 August, 12:05

A group of underwriters formed to share the risk in marketing and distributing a sale of securities to the investing public is called a

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  1. 26 August, 12:27
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    Syndicate

    Explanation:

    In finance, a syndicate refers to a temporary alliance formed to carry on a common transaction. Syndicates are usually formed when a very large transaction cannot be handled by individual firms or underwriters, so they decide to work together. The largest syndicate in the world is Lloyd's reinsurance market.
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