How do investment bankers generate revenues for their firms?
a. they invest their own funds, or the funds of others, in mutual funds and commodities.
b. they earn commissions by managing the investments of insurance companies and mutual funds.
c. they buy, at a discount, the entire issue of a new security and then sell the issue to investors at full price.
d. they receive consulting revenues from the advice they offer the securities and exchange commission?
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