How Firms Issue Securities Xerox, which has been a public company for a long time, hires Morgan Stanley to help Xerox market additional new stock for sale to the general public. Morgan Stanley purchases the shares from Xerox and resells the shares to the public. This is an example of a$/$an $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

Multiple Choice

underwritten general cash initial public offering

best efforts seasoned offering

underwritten general cash seasoned offering

standby right offering