The investment banker does all of the following EXCEPT
A. make long-term investments for banking institutions.
B. bear the risk of selling a security issue.
C. act as a middleman between the issuer and buyer of a new security.
D. advise clients.
Answer:A
The investment banker does all of the following EXCEPT
A. make long-term investments for banking institutions. B. bear the risk of selling a security issue. C. act as a middleman between the issuer and buyer of a new security. D. advise clients.