Question: HELLO PLEASE TYPE ANSWER NO HANDWRITING- PLEASE, I WILL GIVE THUMBS UP! An investment bank has been asked to underwrite an issue of 10 million

HELLO PLEASE TYPE ANSWER NO HANDWRITING- PLEASE, I WILL GIVE THUMBS UP!

  1. An investment bank has been asked to underwrite an issue of 10 million shares by a company. It is trying to decide between a firm commitment where it buys the shares for $10 per share and a best efforts where it charges a fee of 20 cents for each share sold. Explain the pros and cons of the two alternatives. MUST BE 1-2 PARAGRAPHS EXPLANATION PLS.

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