Series 50: Pricing Consultant

Taken from our Series 50 Online Guide

Pricing Consultant

During a negotiated offering of municipal securities, the underwriters keep an “arms-length” relationship with the municipal government that is issuing the securities. This is because the underwriters have a conflict of interest when setting the price of a new issue of securities. The municipality wants to pay the lowest possible interest payments, but the underwriter wants to set the interest payments at their hi

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