In Firm Commitment Underwriting, the Underwriter's Spread Is

Multiple Choice

In firm commitment underwriting, the underwriter's spread is

A) the bid ask spread in the secondary market.
B) the interest spread earned by the FI.
C) the difference between the underwriters' buy and sell price.
D) the difference between the offer price under a firm commitments as opposed to a best efforts underwriting contract.
E) the commission per share.