The investment banker's function involves all of the following except which one?
A)Taking a portion of the risk in the distribution of an issue
B)Always ensuring a company that a given amount of equity can be sold so that long-range financial planning can be made accurately
C)Making a market by buying and selling a security to ensure a liquid market
D)Contracting to buy securities from the corporation and resell them to other security dealers and the public

Question

Quizplus · Accepted Answer

Investment bankers do not always ensure a company that a given amount of equity can be sold so that long-range financial planning can be made accurately. They may provide guidance and assistance in the process, but ultimately the success and amount of equity sold depends on market conditions and investor interest.

The Investment Banker's Function Involves All of the Following Except