Answer:
D. underwriter
Explanation:
Based on the information provided within the question it can be said that the individual being described in the question is called an underwriter. Like mentioned in the question this is an individual who guarantees sale of securities and accept the financial risk of liability arising from the guarantee on behalf of the issuer of the securities in question.
Similar to a stock split, a stock <u>dividend</u> also distributes additional shares of stock to existing stockholders on a pro rata basis at no cost to the stockholders.
A stock split is a decision made by the board of directors of a firm to issue more shares to present owners in order to increase the number of shares outstanding.
A stock split is a division of issued shares in a ratio determined by the company, whereas a stock dividend is a dividend paid in the form of extra shares. While in a stock split, already issued shares are divided in accordance with a predetermined ratio, a stock dividend gives stockholders extra shares.
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The overdraft fee is the fee that John was charged on his checking account.
<h3>What is an overdraft fee?</h3>
This is a fee that has to be paid due to the fact that a payment has been authorized.
The overdraft fee is usually paid to cover transactions if there are not enough funds in the account.
<h3>The checking account</h3>
This is a current account that lets deposit and easily withdraw for the sake of transactions.
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