A public offering by an investment banker in which any securities not sold are returned to the issuer is known as:

Name: A public offering by an investment banker in which any securities not sold are returned to the issuer is known as:
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a best efforts offering. With a best efforts offering the investment banker does not make any guarantee that all the offered securities will sell. The investment banker pays for only those securities that are actually sold and returns unsold shares to the issuer.

A Public Offering by an Investment Banker in Which Any