Which of the Following Statements Regarding Best Efforts IPOs Is

Which of the following statements regarding best efforts IPOs is most accurate?

A) For smaller IPOs,the underwriter rarely uses a best-efforts IPO.
B) The underwriter guarantees that the stock will be sold at the offer price.
C) Often these arrangements have an all-or-none clause: either all of the shares are sold in the IPO,or the deal is called off.
D) If the entire issue does not sell out,the underwriter is on the hook.
E) The underwriter sells new issues directly to the public through an online bidding process.