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A city has appointed Broker-dealer XYZ to act as lead underwriter for its upcoming issuance...

A city has appointed Broker-dealer XYZ to act as lead underwriter for its upcoming issuance of municipal bonds. This is an example of which of the following types of offering?

A.

A follow-on offering

B.

A negotiated offering

C.

A competitive offering

D.

A best-efforts offering

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