Jones & Co. recently went public and received $23.07 a share on their entire offer of 30,000 shares. Keeser & Co. served as the underwriter and sold 28,500 shares to the public at an offer price of $26.50 a share. What type of underwriting was this?
a. Shelf
b. Best efforts
c. Oversubscribed
d. Private placement
e. Firm commitment
Answers: 2
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