The investment banker's function involves all of the following EXCEPT
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

While investment bankers can provide guidance on long-range financial planning, it is not their responsibility to always ensure a company that a given amount of equity can be sold. This can depend on market conditions and investor demand.

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