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stranahan stranahan
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7 years ago
In a best efforts arrangement, the investment bank pledges to use its best efforts to sell all the authorized shares and takes a cut on each individual share that it sells, but provides no guarantee as to how many shares it will sell.
A) True
B) False
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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waspchichesterwaspchichester
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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