A.

The underwriters assume the risk of under-subscription in which one of the following?

Dutch auction cash offer

firm commitment cash offer

standby rights offer

best efforts cash offer

B.

TransWorld Exporters wants to issue 1,110 new shares of common stock in a Dutch auction. What is the total amount the firm will receive for these shares given the following bids?

Bidder	Quantity, in Shares			Price per Share
A		190			$	32
B		490			$	30
C		510			$	29
D		310			$	28

$33,690

$33,523

$35,520

$32,190

C.

Which one of the following is most directly related to oversubscriptions?

Green Shoe provision

quiet period

red herring

lockup period