An agreement whereby an investment banker tries to sell securities of an issuing corporation, but assumes no risk if the flotation is unsuccessful is called a:

Question

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A best-effort agreement is one in which an investment banker will use their best effort and resources to sell securities of an issuing corporation, but assumes no risk if the flotation is unsuccessful. The other options are different types of agreements, but do not fit the description of assuming no risk for an unsuccessful flotation.

An Agreement Whereby an Investment Banker Tries to Sell Securities