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