In a best efforts offering the investment bank makes its money primarily by earning:
A) the spread between the buying and offering price.
B) a commission on each share sold.
C) a negotiated percentage of the offering price.
D) a flat fee charged for services rendered.
E) the difference between the offer price and the warrant price.
B) a commission on each share sold.
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Answer the following statement(s) true (T) or false (F)
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Indicate whether the statement is true or false