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NEUMania is preparing to publicly offer new common stock. It has contracted with an investment bank that guarantees NEUMania a specified price. This is an

NEUMania is preparing to publicly offer new common stock. It has contracted with an investment bank that guarantees NEUMania a specified price. This is an example of a _________________ arrangement.

A. best efforts underwriting B. firm commitment underwriting C. position trading D. pure arbitrage E. risk arbitrage

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