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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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