Question completion Status: Close Window Save Awe 4 Moving to another question will save this response Question 28 of 1 Question 28 6 points Steel City Motors wants to have an initial public offeriny. Their investment bank presents two options for the initiation a feed commitment offer oss.500,000 or a best-efforts arrangement where the investment bank receives $2.00 per share offered to the publie Steel City intends to sell 1,000,000 shares at a price of 57. V 100% of the shares are sold at the predetermined price, which arrangement should Steel Clly choose? Pared-commitment arrangement because it provides additional proceeds of $575.000 Best efforts arrangement because it provides additional proceeds of 5661.250 Red commitment arrangement because it provides additional proceeds of $500,000 Fred commitment arrangement because it provides additional proceeds of 1661.250 Best efforts arrangement because it provides additional proceeds of $575,000 Moviry to another question will save this response Question 2 of 31 Close Window