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When an investment bank guarantees the sale of an entire issue at a negotiated offering price, this best describes a(n):
A
Rights offering, where existing shareholders are given the right to purchase additional shares at a fixed price.
B
Best effort offering, where the investment bank acts as a broker without guaranteeing the sale of the entire issue.
C
Underwritten offering, where the investment bank guarantees the sale of the entire issue at a negotiated price.
