Question

Which ofthe following best describes a best efforts underwriting commitment?
The underwriter agrees to buy the entire issue and assume full financial responsibility
Underwriter is only responsible for half (50%) of the issue.
Underwriter commits to selling as much of the issue as possible at the agreed-on offe
without financial responsibility
If the entire issue cannot be sold at the offering price, the deal is called off and the iss​

Answer 1

Answer:

ok ok but i don't know