A firm commitment arrangement with an investment banker occurs when the: O investment banker sels as much of the securty as the market can beer without a price decrease O issue is solidly sccepted in the market as evidenced by a large price increase O spread between the buying and selling price is less than one percent. O syndicate is in place to handle the issue. O Irnvestment banker buys the securities for less than the offering price and accepts the risk of not being able to sell thenm lype hese to