It is now believed that Munch was inspired by a mummy that he had seen at an exhibition in Paris. The artist used the mummy as a way to recreate the feelings of fear and dread that he felt when the sky turned red.
Underwriting Fee. The compensation that an underwriter receives for placing a new issue with investors. It is calculated as a discount from the price of the new issue. For example, an issuer may sell the underwriter a bond at $990 per bond. The underwriter will then place the issue at $1,000, allowing it to make a $10 profit. This profit is the underwriting fee. It is also called a concession.
State and local governments this year are paying underwriters an average of $6.46 for every $1,000 borrowed, according to Thomson Reuters. That payment, known as the underwriting spread, is up sharply from last yearâs $4.83 average spread.The last time issuers paid higher fees was 2001. Underwriters and other market participants cite a number of factors for the fatter spreads, some on the supply side of the equation and some on the demand side.tate and local governments this year are paying underwriters an average of $6.46 for every $1,000 borrowed, according to Thomson Reuters. That payment, known as the underwriting spread, is up sharply from last yearâs $4.83 average spread.