Which of the following statements is true regarding underwriting methods?

		In the best efforts method of underwriting, the investment bank sells the shares to investors on behalf of the issuer, but the investment bank does not actually buy the shares from the issuer.
		None of the other answer choices are correct.
		In the best efforts method of underwriting, the offering price is the highest price that will result in all the shares being sold.
		In the best efforts method of underwriting, the investment bank buys all the shares from the issuer and then sells the shares to investors at a higher price.
		The best efforts method has become the most common method of underwriting in IPOs and SEOs.