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悠然修禹 · 2020年04月02日

问一道题:NO.PZ2018062006000035 [ CFA I ]

问题如下:

Which of the following about underwritten offering is most appropriate?

选项:

A.

The investment bank purchases the entire issue and resells the bonds to dealers.

B.

The investment bank sells the bonds but do not commit to purchase the whole issue.

C.

Compared to best efforts offering, it has lower risk for investment banks.

解释:

A is correct.

If the investment bank uses underwritten offering, it will purchase the entire issue and resell the bonds to dealers. Due to the commit of whole issue, underwritten offering is more risky than best efforts offering.

C为什么对呢?没看懂
1 个答案

吴昊_品职助教 · 2020年04月02日

对于投资银行,underwritten offering比best efforts offering风险更高。所以选项C说反了,C是错误的。所以不选。

包销比代销的风险大,代销指代企业销售,销售多少是多少,销售不完的剩下的由企业自己处理。包销指包销商一次性从企业打包拿走所有发行标的后销售,销售不完剩下的包销商要自己出钱买下。然后由自己处理。

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