___________________ is an agreement by the investment banker to sell securities of the issuing corporation whereby the investment banker assumes no risk for the possible failure of the flotation.

Question

Quizplus · Accepted Answer

A best-effort agreement is where the investment banker agrees to sell as much of the offering as possible but does not guarantee the sale of the entire issue, thus assuming no risk for unsold securities.

___________________ Is an Agreement by the Investment Banker to Sell