The investment banker's function involves all of the following except
A) take a portion of the risk in the distribution of an issue.
B) always insure a company a given amount of equity can be sold so that long-range financial planning can be made accurately.
C) make a market by buying and selling a security to insure a liquid market.
D) contract 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 insure a company a given amount of equity can be sold so that long-range financial planning can be made accurately. This may be a goal, but it is not a guaranteed function of an investment banker. The other options, A, C, and D, are all functions of an investment banker.

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