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Florida Farms Recently Offered 12,000 Shares of Stock for Sale

Question 15

Multiple Choice

Florida Farms recently offered 12,000 shares of stock for sale but received payment for only 10,500 shares since that was all the shares the underwriters could sell.What type of underwriting was this?


A) Syndicated
B) Firm commitment
C) Private placement
D) Best efforts
E) Dutch auction

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