An investment banking firm offers a corporation a
An investment banking firm offers a corporation a binding bid to purchase an amount of new debt securities to be issued by the corporation with a specified coupon rate and maturity. The corporation can accept or reject this bid. This type of security distribution is bestdescribed as:
A. competitive bidding.
B. best efforts.
C. bought deal.
参考解答
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2024-11-14 22:24:39
Ans:C;
C is correct because bought deal underwriting occurs when an underwriter solicits securities from an issuer and the issuer accepts the offer.
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