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Which of the following best describes the function of an investment banker selling an issue on a best efforts basis? Return unsold securities to the
Which of the following best describes the function of an investment banker selling an issue on a "best efforts" basis?
Return unsold securities to the firm
Create a market for the securities
Guarantee a continuous liquid market
Private placements to financial institutions
More than one of the above
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Global Corporate Finance A Focused Approach
Authors: Kenneth Kim, Suk Kim
3rd Edition
9811207119, 9789811207112
