A Best Efforts Offering Is One in Which

question 17

Multiple Choice

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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To notice or perceive something and register it as being significant, typically by paying close attention or by scrutinizing.

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An in-depth examination of a single subject or incident to explore causation to find underlying principles.