___________________ is an agreement by the investment banker to sell securities of the issuing corporation whereby the investment banker assumes no risk for the possible failure of the flotation.

Question

Quizplus · Accepted Answer

A best-effort agreement is when the investment banker agrees to sell as much of the issue as possible but does not guarantee the entire issue will be sold, thus assuming no risk for unsold securities.

___________________ Is an Agreement by the Investment Banker to Sell