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Negotiated offers generally: are used as a last resort. involve an underwriting syndicate. result in higher issue costs than do competitive offers. involve only large

  1. Negotiated offers generally:

    1. are used as a last resort.

    2. involve an underwriting syndicate.

    3. result in higher issue costs than do competitive offers.

    4. involve only large issuers.

    5. reduce the probability an issue will be successful.

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