3. Answer the questions. (T/F) 1) Financing of new, nonpublic companies is broadly referred to as crowd funding. (10points) a. True b. False 2) Venture capitalists rarely assume active roles in the management of the financed firm. (10points) a. True. b. False 3) Firm commitment underwriter is responsifle for the unsold issue during IPO while best efforts underwriter is not. (10points) a. True b. False 4) With Dutch auction underwriting, all successful bidders pay the same price per share (10points) a. True b. False 5) Underpricing is the difference between the underwriters' cost of buying shares and the offering price of those securities to the public. (10points) a. True b. False