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7. How does a firm commitment underwriter differ from a best-efforts underwriting? 8. What is a callable bond? Is a call provision more or less

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7. How does a firm commitment underwriter differ from a best-efforts underwriting? 8. What is a callable bond? Is a call provision more or less attractive to a bond holder than a noncallable bond? 9. Explain the meaning of a sinking fund provision on a bond. 10. Discuss the issues surrounding credit rating firms during the financial crisis

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