Which of the following must be disclosed to customers in negotiated municipal underwritings? B A Spread Identity of all purchasers Co Participation amount of each underwriter Do Names of the Underwriters Na

The Spread Identity of all Purchasers

Explanation:

Negotiated Municipal Underwriting represents a process where the purchase and offering prices of a new security or securities is settled by a single underwriter and a the issuer of the new securities. It is a process that requires the co-operation between the issuer of a new security and an underwriting bank to ensure that a new issue is brought to the market.

The issuer and the underwriter are expected to enter into negotiation in order to determine the purchase price. The underwriter then pays the agreed purchase price for the issues.

Specifically, Negotiated municipal underwriting requires the disclosure of the offering and the spread price for each maturity or issue but it does not require the disclosure of the names of the underwriters or their participation amounts.