Initial public offerings (IPOs) can be a risky investment; thus, in an IPO, the issuer may obtain the assistance of an underwriting firm. Shown here is a list of the top five Canadian underwriting firms with the amount of money they raised in a recent year. Construct a bar chart to display these data. Construct a pie chart to represent these data and label the slices with the appropriate percentages. Comment on the effectiveness of using a pie chart to display the total amount raised by these top underwriting firms.

Transcribed Image Text:

Underwriting Firm RBC Capital Markets TD Securities CIBC World Markets National Bank Financial BMO Capital Markets Total Amount ($ millions) 29,172 25,193 19,875 17,653 16,958