Stox & Sellers is a relatively new corporation that has been working with an investment bank to carry out an initial public offering for its stock.The investment bank has agreed to a best efforts approach to selling the shares.This is good news for Stox & Sellers,because it means the investment bank has guaranteed that all of the shares will be sold at the agreed-upon offer price.

Question

Quizplus · Accepted Answer

A best efforts approach means that the investment bank will use its best efforts to sell the shares, but there is no guarantee that all of them will be sold at the agreed-upon offer price.

Stox & Sellers Is a Relatively New Corporation That Has