Which of the following best describes a firm commitment initiat pubtic otfenug (Ipoy? A. The underwriter sells now issues directly to the public in an online auction B. The underwriter sets a dehberateiy low price to ensure the entire issue is sold C. The underwriter tries to sell the stock for the best possible price but does not guarantee that the stock wik be sold D. The underwriter solicits bids from investors and chooses the highest price at which there is suthicient deme to sell the entire issue. E. The underwriter purchases the entire issue at a small discount and then resells it at the ofier price Which of the following best describes a firm commitment initiat pubtic otfenug (Ipoy? A. The underwriter sells now issues directly to the public in an online auction B. The underwriter sets a dehberateiy low price to ensure the entire issue is sold C. The underwriter tries to sell the stock for the best possible price but does not guarantee that the stock wik be sold D. The underwriter solicits bids from investors and chooses the highest price at which there is suthicient deme to sell the entire issue. E. The underwriter purchases the entire issue at a small discount and then resells it at the ofier price