Assume a firm issued securities through an agreement where the investment bankers sold as many shares as possible at a fixed price.This issue would be classified as a:

Question

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This issue is classified as a best-efforts cash offer. In this type of issue, the investment bankers sell as many shares as possible at a fixed price, but there is no guarantee that all shares will be sold. The firm only receives the proceeds of the shares that are actually sold.

Assume a Firm Issued Securities Through an Agreement Where the Investment