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A firm commitment underwriting is a situation where: a. An underwriter buys securities from an issuer and reoffers them to the public at a higher

A firm commitment underwriting is a situation where: a. An underwriter buys securities from an issuer and reoffers them to the public at a higher price. b. An underwriter commits to securing 100% market acceptance of a securities issue. c. The issuer receives all the proceeds from a market issue. d. The underwriter commits to a firm issue date for new securities.

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