a best efforts offering is one in which: multiple choice the investment banker acts only as a distribution agent. the issue can only be privately placed. the bid-ask spread is exceptionally high, but the investment banker does his best to sell the issue anyway. the underwriter bears the risk of an unsuccessful offering. the investment banker acts as a principal for the issuer.

Respuesta :

A best efforts offering is one in which the investment banker acts only as a distribution agent.

A person who frequently works for a financial institution and is primarily focused on generating cash for businesses, governments, or other entities is known as an investment banker.

They are important contributors to the financial expansion and development of a company, organization, or other corporate body, regardless of whether they work for an investment bank or the investment banking branch of a company. Excellent numeracy skills, effective oral and written communication talents, and the ability to put in long, demanding hours are requirements for investment bankers.

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