Question: 1 . How do agency transactions differ from principal transactions for market makers? 2 . How does a best efforts underwriting differ from a firm

1.How do agency transactions differ from principal transactions for market
makers?
2. How does a best efforts underwriting differ from a firm commitment
underwriting? If you operated a company issuing stock for the first time,
which type of underwriting would you prefer? Why might you still choose
the alternative?

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