A Dutch auction underwriting is best described as an underwriting in which: Select one: a. the offering price varies with each investor paying his or her bid amount. b. investors determine the amount of the spread via competitive bidding. c. the number of shares sold is determined by a public auction. d. the underwriters are committed to purchase any unsold shares. e. the offer price is set based on competitive bidding by investors.

e. The offer price is set based on competitive bidding by investors.

Explanation:

A Dutch Auction Underwriting is a form of public auction wherein, several investors make their bidding and then, the highest price is the amount at which the offering would be sold. This is a form of competitive bidding among the investors. The auctioneers wait for all the investors to make their bidding before selecting the highest.

Sometimes also in Dutch Auction, the price tag could be reduced, till there is a buyer for it. Once the going price is good enough by the bidder, the auction can then come to a successful end. Investment bankers are the underwriters in a public offering like this and they determine the prices of the items being sold.

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

b, fewer problems later! good luck