As a best efforts offering is cheaper than a traditional (firm commitment) underwriting, why don't more companies

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As a best efforts offering is "cheaper" than a traditional (firm commitment) underwriting, why don't more companies make use of it?

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Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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Question Posted: Dec 07, 2015 05:52 AM

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As a best efforts offering is cheaper than a traditional (firm commitment) underwriting, why don't more companies

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In a best efforts offering the investment banker agrees only to do its best in selling the issue ...View the full answer

Fundamentals Of Financial Management

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