1. a best efforts offering is one in which a. the underwriter bears the risk of an unsuccessful offering b. the bid-ask spread is exceptionally high, but the investment banker does his best to sell the issue anyway. c. the investment banker acts as a principal for the issuer d. the investment banker acts only as a distribution agent e. the issue can only be privately placed

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04-11-2022
Business

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1. a best efforts offering is one in which a. the underwriter bears the risk of an unsuccessful offering b. the bid-ask spread is exceptionally high, but the investment banker does his best to sell the issue anyway. c. the investment banker acts as a principal for the issuer d. the investment banker acts only as a distribution agent e. the issue can only be privately placed

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