Issuance of securities in which investment bank does not guarantee back up price and act as distributor in planning of issue is considered as

A. best efforts offering

B. least good index

C. least good premium

D. least good discount price

Answer: Option A

Solution(By Examveda Team)

Issuance of securities in which investment bank does not guarantee back up price and act as distributor in planning of issue is considered as best efforts offering. The term "issue" also refers to a series of stocks or bonds that have been offered to the public and typically relates to the set of instruments that were released under one offering.