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A comapny recently offered 1 million shares for sale but received payment for only 700 thousand shares since that was as much as the underwriters

A comapny recently offered 1 million shares for sale but received payment for only 700 thousand shares since that was as much as the underwriters could sell. What type of underwriting was this?

Multiple Choice

  • Syndicated

  • Firm commitment

  • Private placement

  • Best efforts

  • Dutch auction

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