Which statement is correct?
O Underwriters guarantee the number of shares to be sold in a best efforts underwriting.
O Competitive underwriting is generally more expensive than negotiated underwriting.
O Underwriters may receive warrants as part of their compensation
O The majority of equity underwritings in the U.S. are competitive underwritings.
O Underwriters exercise the Green Shoe option whenever the market price of an IPO declines initially,