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In a typical underwriting arrangement Select one: a. the company bears the risk that an IPO will be overpriced. b. the underwriter bears the risk

In a typical underwriting arrangement Select one: a. the company bears the risk that an IPO will be overpriced. b. the underwriter bears the risk that the IPO will be under-subscribed. c. the underwriter agrees to sell shares to customers at a market price. d. the underwriter agrees to compensate the company for under-pricing. O O

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