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Muni Syndicates Drill

Dashboard > Chapter 19: Municipal Bonds > Municipal Syndicates > Muni Syndicates Drill
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  • 1.

    A syndicate is set up as an Eastern syndicate with 4 syndicate members, and each syndicate member is responsible for selling $10 million of an issue. If one syndicate member is only able to sell $5 million, what is the responsibility of each remaining syndicate member for the unsold portion?

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