Management Notes

Reference Notes for Management

When the investment banker bears the risk of not being able to sell a new security at the established price, this is known as:

When the investment banker bears the risk of not being able to sell a new security at the established price, this is known as:

When the investment banker bears the risk of not being able to sell a new security at the established price, this is known as:

  1. a best efforts offering.
  2. Underwriting 
  3. shelf registration.
  4. making a market.

Answer: b. Underwriting

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