An IPO firm has a choice of two methods of selling shares. In the (i)

An IPO firm has a choice of two methods of selling shares. In the (i) method, the underwriter essentially acts as a (ii), agreeing to purchase all shares offered at a fixed price, and then takes the risk of reselling the shares to the public.

In the (iii) method, the underwriter essentially acts as a (iv), agreeing only to conduct a search for interested buyers.
(i) (ii) (iii) (iv)
a. firm-commitment broker best efforts dealer
b. firm-commitment dealer best efforts broker
c. best efforts dealer firm-commitment broker
d. best efforts broker firm-commitment dealer

ANSWER

B