With a Best Effort Offering,the Investment Banker Performs All of the Following

Multiple Choice

With a best effort offering,the investment banker performs all of the following roles except:

A) determines the fee paid to themselves for handling the issue.
B) manages the selling group for the new issue.
C) evaluates market conditions and determines the characteristics of the security.
D) guarantees the selling price for the entire issue to the firm issuing the securities.
E) All of the above are true.