Under firm-commitment underwriting, the underwriter bears the entire risk that the shares will not be sold to the public at the specified offering price.
What is Underwriter?
Any person who assesses and takes on another party's risk in exchange for payment—which frequently comes in the form of a commission, premium, spread, or interest—is an underwriter. While underwriters work for insurance firms, agents and brokers represent both consumers and insurance companies. The mortgage, insurance, equity, and some prevalent forms of debt security trading are just a few of the financial industries where underwriters play a crucial part. Sometimes referred to as a book runner, a lead underwriter holds this position.
To learn more about Underwriter
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I had a quiz like this back in 9th grade, even though what goes in the blank is less predictable. Glad to help :)
In programming basis, there a few ways in representing the largest value of a character if it has a lacking of an unsigned one byte character, the following can be used:
Bytes(8 bit) = 255
Hexadecimal = FFFFFF
octal = 8888
I think thats all i cant give and i hope this would help you.
