Fixed price at which stock is purchased from issuer by investment banks is called
A. non-cumulative proceeds
B. net proceeds
C. Gross proceeds
D. cumulative proceeds
Answer: Option B
Solution(By Examveda Team)
Fixed price at which stock is purchased from issuer by investment banks is called net proceeds. Net proceeds are the amount the seller receives following the sale of an asset after all costs and expenses are deducted from the gross proceeds.This Question Belongs to Management >> International Finance And Treasury
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