Series 6 - Investment Company And Variable Contracts Products Representative Exam

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Which type of underwriting agreement is contingent on the underwriter's ability to sell shares to the public?

A firm commitment
A
A negotiated underwriting contract
B
A competitive bid arrangement
C
A best efforts arrangement
D

Explanations

In a best efforts arrangement, the deal is contingent upon the underwriter's ability to sell shares to the public.

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