Question: What type of bond offering involves a bidding process in which an investment bank purchases the bond either by outbidding other banks or directly negotiating

What type of bond offering involves a bidding process in which an investment bank purchases the bond either by outbidding other banks or directly negotiating with the issuer?
Question 20 options:
1)
Negotiated sale
2)
Best efforts underwriting
3)
Competitive sale
4)
Firm commitment underwriting

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