Under the __________ method, the underwriter buys the securities for less than the offering price and accepts the risk of not selling the issue, while under the _______ method, the underwriter does not purchase the shares but merely acts as an agent. 1. Firm commitment, best efforts 2. Best efforts, firm commitment 3. Seasoned, unseasoned 4. Competitive offer, negotiated offer 5. Negotiated offer, competitive offer