Reference no: EM132873163
Question 1: What are the benefits accruing to a company that is traded in the public securities markets. What are the disadvantages to being public?
Question 2: The Glass-Steagall Act prohibited
A. retail brokerage firms from having investment banking operations.
B. commercial banks from combining investment banking and commercial banking functions.
C. investment banks from selling both debt and equity securities.
D. insurance companies from selling investment products.
Question 3: When an investment banker acts as an "underwriter" he
A. gives a "firm commitment" to purchase the securities from the corporation at a set price.
B. The company suffers a decline in earnings after taxes.
C. may sell as many securities as possible and return the rest unsold.
D. may give advice to management.