4-28 The principal reasons for the growth in profitability of the securities industry in the middle 1990s were the trading profits from fixed income securities and the growth in new issue underwriting.

Question

Quizplus · Accepted Answer

This statement is true. During the mid-1990s, the securities industry saw significant growth in profitability due to trading profits from fixed income securities (such as bonds) as well as increased demand for new issue underwriting (such as initial public offerings or bond offerings).

4-28 the Principal Reasons for the Growth in Profitability of the Securities