Which of the following is not a true statement?
A)An investment bank is a financial firm that assists organizations in raising funds.
B)A large corporation often uses an investment bank to sell and distribute a new stock issue.
C)Analysts for the investment bank examine the corporation's financial position to determine whether the new stock issue is financially sound.
D)If the investment bank is satisfied that the new stock issue is a good risk, it will buy the stock and hold it for at least one year.
E)The investment bank resells a new stock issue to its customers-commercial banks, insurance companies, pension funds, mutual funds, and the general public.

Question

Quizplus · Accepted Answer

Investment banks do not typically buy and hold new stock issues for at least one year. Instead, they resell the stock issue to their customers.

Which of the Following Is Not a True Statement