A best efforts sale of securities is likely to generate more revenue for the investment banker than an equivalent underwriting of securities.

Question

Quizplus · Accepted Answer

In a best efforts sale, the investment banker acts as an agent and does not guarantee the sale of securities, potentially leading to less revenue compared to an underwriting, where the banker buys all the securities and resells them, usually at a higher price.

A Best Efforts Sale of Securities Is Likely to Generate