Under the _______ Method,the Underwriter Buys the Securities for Less

Multiple Choice

Under the _______ method,the underwriter buys the securities for less than the offering price and accepts the risk of not selling the issue,while under the _______ method,the underwriter does not purchase the shares but merely acts as an agent.

A) best efforts; firm commitment
B) firm commitment; best efforts
C) general cash offer; best efforts
D) competitive offer; negotiated offer
E) seasoned; unseasoned