Question 18-Which of the following statements regarding firm commitment IPOs is FALSE? Select one: O a. If the entire issue does not sell out, the remaining shares must be sold at a lower price and the underwriter must take the loss. O b. The underwriter guarantees that it will sell all of the stocks at the offer price. O c. The underwriter purchases the entire issue (at the offer price) and then resells it at a slightly higher price to interested investors. O d. It is the most common underwriting arrangement