DQ1: Why do corporations employ investment bankers? DQ2: Identify the primary market functions of investment bankers? DQ3: Discuss how investment bankers assume risk in the process of marketing securities of corporations. How do investment bankers try to minimize these risks? DQ4: Briefly describe the process of competitive bidding and discuss its relative advantages and disadvantages. DQ5: Explain market stabilization. DQ6: Identify the costs associated with going public. DQ7: Briefly describe how investment banking is regulated. DQ8: Describe the inroad into investment banking being made by commercial banks. DQ9: In 2003, several investment banking firms were fined $1.4 billion for ethics abuses related to the underwriting process. Will this be a deterrent for ethical lapses? DQ10: What were some of the reasons for the decline in Facebooks stock price after its IPO? DQ11: What are some of the characteristics of an organized securities exchange?