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In a firm commitment (bought deal) type of underwriting of a Eurobond offering: a.the stand by underwriting syndicate buys the unsold part of the bond

In a firm commitment (bought deal) type of underwriting of a Eurobond offering:

a.the stand by underwriting syndicate buys the unsold part of the bond offering at a discount.

b.the lead underwriter buys the whole issue at a discount over par and sells it in the secondary market at a profit

c.the underwriting syndicate makes a commitment to do the best job possible

d.none of the other answers

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