Investment bankers who join together to share the financial risk associated with buying an entire issue of new securities and reselling them to the public is called a(n) A. primary market group B. tombstone group C. underwriting syndicate D. selling grou

The correct answer is C. underwriting syndicate. An underwriting syndicate is a group of investment bankers who come together to pool their resources and share the financial risk associated with buying an entire issue of new securities from a company and then reselling them to the public. This process is known as underwriting. The underwriters agree to buy the securities from the issuer at a certain price, and then they resell them to the public at a higher price, thus making a profit. The underwriting syndicate is responsible for pricing the securities, distributing them to investors, and providing advice and support to the issuer. The other options, primary market group, tombstone group, and selling group, are not accurate descriptions of this process.