American Bankers Association Exam CTFA Topic 10 Question 51 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 51
Topic #: 10

[All CTFA Questions]

A best efforts offering is sometimes used in connection with a of new, long-term securities.

APrivate placement

BPrivileged subscription

CPublic issue

DAll of the above

Show Suggested Answer

Suggested Answer: D

by Tonette at Aug 07, 2023, 04:41 AM

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Chan

1 months ago

A best efforts offering? Sounds like something I do when I'm trying to hit the gym every day. 'Best efforts' and 'consistent results' don't exactly go hand-in-hand.

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Detra

6 days ago

It's like giving it your all, but with no guarantee of success.

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An

13 days ago

It involves the underwriter making their 'best efforts' to sell the securities.

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Kenneth

14 days ago

It is sometimes used in connection with a private placement.

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Larae

16 days ago

A best efforts offering is a type of securities offering.

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Antonio

1 months ago

I'd better not offer my best efforts on this exam, or I might end up with a 'best' result of a big, fat 'F'.

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Alise

5 days ago

B) Privileged subscription

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Haydee

18 days ago

A) Private placement

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Yun

2 months ago

Hmm, I'm going to have to go with private placement on this one. Best efforts offerings and public issues just don't seem to fit together.

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Elinore

6 days ago

Yeah, public issue doesn't really fit the concept of best efforts offering. Private placement seems like the most suitable choice.

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Curtis

8 days ago

I think privileged subscription could also be a possibility, but private placement does make more sense.

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Lenna

12 days ago

I agree, private placement does seem like the best option for a best efforts offering.

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Alecia

2 months ago

All of the above? Really? I doubt that's the right choice here. A best efforts offering is a pretty specific concept.

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Leila

8 days ago

I agree, I'll go with A) Private placement as well.

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Virgina

10 days ago

I think it's A) Private placement. That seems more specific to a best efforts offering.

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Wilburn

12 days ago

D) All of the above

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Barrett

13 days ago

C) Public issue

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Marshall

1 months ago

B) Privileged subscription

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Cyril

1 months ago

A) Private placement

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Joaquin

2 months ago

I agree, a private placement is the correct answer. Public issues typically have a more formal underwriting process, not a best efforts offering.

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Romana

2 months ago

A private placement seems like the most fitting answer here. Best efforts offerings are usually associated with private placements, not public issues.

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