Question 26 (1 point) What type of transaction is a "best efforts" underwriting? O a) Agency - the dealer will buy the issue only if there are sufficient client orders for the securities Ob) Principal - the dealer will buy the issue anticipating to resell at a profit. Oc) Agency - the dealer will do his best to sell the securities to clients for an underwriting fee. d) Principal - the dealer will hold the issue in inventory and sell at some future time