A low quality issuer wishing to reduce issuing expenses should NOT choose to have their new issue made on a(n)____ basis.

Name: A low quality issuer wishing to reduce issuing expenses should NOT choose to have their new issue made on a(n)____ basis.
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Question

Quizplus · Accepted Answer

Best efforts require less commitment from underwriters and therefore result in lower fees, but also entail a higher risk of not raising the desired amount of funds. Escrow, letter, and bought deal all have more certain outcomes, but come with higher fees.

A Low Quality Issuer Wishing to Reduce Issuing Expenses Should