Question: Under the _____ method, the underwriter buys the securities for less than the offering price and accepts the risk of not selling the issue, while

Under the _____ method, the underwriter buys the securities for less than the offering price and accepts the risk of not selling the issue, while under the _____ method, the underwriter does not purchase the shares but merely acts as an agent.

		best efforts; firm commitment
		firm commitment; best efforts
		general cash offer; best efforts
		competitive offer; negotiated offer
		seasoned; unseasoned

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