Which one of the following statements is NOT true?
A) Investment bankers provide three basic services when bringing securities to market—origination, underwriting, and distribution.
B) During the origination phase, the investment banker helps the firm determine whether it is ready for an IPO.
C) Origination is the risk-bearing part of investment banking.
D) Origination includes giving the firm financial advice and getting the issue ready to sell.
Answer: C
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