1. Professor Jay Ritter found best-efforts offerings are: Group of answer choices used with small IPO issues. attractive

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1. Professor Jay Ritter found best-efforts offerings
are:
Group of answer choices
used with small IPO issues.
attractive because of price stability.
used most often with seasoned equity issues.
None of the rest.
reserved for the premier customers because they deserve
'best-efforts'.
2.
Which of the following is not one of the four main functions
that underwriters provide?
Group of answer choices
Monitoring
Auditing the financial statements
Certification
Marketing
Risk bearing
3.
Assuming everything else is constant, when a stock goes
ex-rights its price should:
Group of answer choices
increase since the corporation no longer has the right to force
the stockholder to convert.
remain the same since an efficient market would anticipate this
change.
decrease since the stockholder is losing an option.
None of the rest.
move up or down depending on whether a small investor wanted to
exercise his/his rights.
Please explain