Question: Which statement BEST describes a firm commitment underwriting?AThe underwriter agrees to buy all of the issue and assumes the risk for any unsold securities .

Which statement BEST describes a firm commitment underwriting?AThe underwriter agrees to buy all of the issue and assumes the risk for any unsold securities

.

BThe underwriter agrees to use its best efforts when selling the securities offered in the issuance.CThe underwriter agrees to use its reasonable efforts when selling the securities offered in the issuance.D The underwriter agrees to sell the entire allotment of the offering within

30

days or the offering is terminated.

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