For each of the following pairs of issues, which is likely to involve the lower proportionate underwriting
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For each of the following pairs of issues, which is likely to involve the lower proportionate underwriting and administrative costs?
a. A large issue/a small issue.
b. A bond issue/a common stock issue.
c. Initial public offering/subsequent issue of stock.
d. A small private placement of bonds/a small general cash offer of bonds.
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