SIE Exam Practice Question 900
Question: 900
Which of the following is a type of best efforts underwriting that only becomes effective when a minimum amount of securities have been sold? Once the minimum requirement has been met, the underwriter may then sell securities up to a specified level under the terms of the offering.
Correct Answer: C
Explanation:
Mini-maxi underwriting is a type of best efforts underwriting that only becomes effective when a minimum amount of securities have been sold. Once the minimum requirement has been met, the underwriter may then sell securities up to a specified level under the terms of the offering.
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