Which of the following forms of underwriting is least likely for an offering of municipal bonds?
A)negotiated
B)competitive bid
C)firm commitment
D)best efforts

Question

Quizplus · Accepted Answer

best efforts. A best efforts deal least likely for a municipal securities offering. It is most often associated with small corporate stock or limited partnership offerings. Municipal securities are usually competitive bid or negotiated. Both of these types are firm commitment.

Which of the Following Forms of Underwriting Is Least Likely