The smallest portion of an underwriting spread is the:

The smallest portion of an underwriting

Multiple choice — select the best answer

AManager's fee
BTakedown
CConcession
DUnderwriting fee

✓ Correct answer: A. Manager's fee The manager's fee is the amount received by the managing underwriter for each security sold by any brokerage firm involved in the offering. The manager's fee is the smallest portion of the underwriting spread.

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