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A situation in which the underwriter does not guarantee the stock will be sold, but instead tries to sell the stock for the best
A situation in which the underwriter does not guarantee the stock will be sold, but instead tries to sell the stock for the best possible price is a secondary offering. a primary offering. a firm commitment IPO. a best-efforts IPO. an auction IPO.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
