deonte4807
16.04.2020 •
Business
D.L. Jones & Co. recently went public. The firm received $20.80 a share on the re offer ot25.000 shares. Keeser & Co. served as the underwriter and sold 23,700 shares to the public at an offer price of $22 a share. What type of underwriting was this?
A. best efforts
B. shelf
C. over subscribed
D. private placement
E. firm commitment
Solved
Show answers
More tips
- H Health and Medicine How to Whiten Teeth and Get the Perfect Smile...
- S Style and Beauty How to Properly Apply Eye Makeup: Tips from a Professional Makeup Artist...
- A Auto and Moto How Can Parking Sensors Help Drivers?...
- C Computers and Internet Make Money Online: Secrets and Essential Ways...
- A Auto and Moto What is the Average Lifespan of an Engine in a Car?...
- H Health and Medicine What You Need to Know About Nasal Congestion in Infants: Causes, Symptoms, and Treatment...
- S Science and Technology Discovering the Anatomy of an LCD TV Screen...
- F Food and Cooking How to Get Reconfirmation of Registration?...
- F Food and Cooking Why Doesn t the Confirmation Link Come to Email?...
- F Food and Cooking Deflope: What is it and how does it work?...
Answers on questions: Business
- B Business SOOOOOO CUTE OMG ROYALTY...
- B Business Hes single who wants him...
- B Business A company purchases a building 150,000 signing a note payable. Record the transaction....
- B Business In order to compare and evaluate choices, there must be a set of a. Resources b. Decisions C. Consequences d. None of the above Please select the best answer from the choices provided...
- B Business Economic systems seek to answer what key economics questions? select all that applya) how should goods and services be produced? b)where goods and services will be produced? c)when...
- B Business The ability to understand, lead, and control the behavior of other workers is called: (points: 3) conceptual skill human skill technical skill negotiating skill organizing skill...
- B Business From an economic perspective, when consumers leave a fast-food restaurant because the lines to be served are too long, they have concluded that the...
- M Mathematics A survey showed that 4 out of 5 students own a bicycle. Based on this result, how many of the 800 students in a school own a bicycle? Use any strategy to solve....
- M Mathematics 3. A drone takes off from the base of a mountain at a height of 27 ft below sea level. The drone then flies up 642 ft before landing at the top of the mountain. How tall is the mountain?...
- M Mathematics The absolute value of a number is...
Ответ:
E. firm commitment
Explanation: The type of underwriting is known as firm commitment. Firm commitment underwriting is also known as bought deal and is one in which an investment banking firm commits to buy and sell an entire issue of stock and also assumes all financial responsibility for any shares left unsold i.e., it is an agreement by the underwriter to purchase all securities for an initial public offering (IPO) directly from issuers (D.L. Jones & Co.) for public sale.. Here, the underwriter (Keeser & Co.), acts as a dealer, buys all shares which it has to sell to make money and assumes inventory risks that comes along with unsold shares.
Ответ: