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Question 26 Afirm commitment offering is one in which the underwriter bears the risk of an unsuccessful offering. the bid-ask spread is exceptionally high, but

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Question 26 Afirm commitment offering is one in which the underwriter bears the risk of an unsuccessful offering. the bid-ask spread is exceptionally high, but the investment banker does his best to sell the issue anyway. the investment banker acts as a principal for the issuer. the investment banker acts only as a distribution agent. the issue can only be privately placed

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