If an investment banker has agreed to sell a new issue of securities on a best-efforts basis, the issue:

Last Updated on January 30, 2022 by Admin 2

If an investment banker has agreed to sell a new issue of securities on a best-efforts basis, the issue:

  • Most likely involves an unusually large stock offering
  • Most likely involves bonds instead of common stock
  • Results in no assumption of underwriting risk by the investment banker
  • Most likely involves a well-established, large company
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