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Which of the following statements is CORRECT? a. In a firm commitment contact, the investment bank (underwriter) tries to help the issuing firm sell the

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Which of the following statements is CORRECT? a. In a firm commitment contact, the investment bank (underwriter) tries to help the issuing firm sell the shares as many as possible b. In the best offorts contact, investment bank purchase all the shares from the issuing firm first and then sell them to the public Oc In a firm commitment contact, Investment banks usually purchase the shares from the issuing firm at a lower price and then sell them to the public at a higher price d. In the best effort contact, the selling price is likely to be higher than that in the firm commitment contact. e. None of the above

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