10. An investment bank pays $23.50 per share for 4 million shares of JCN Company. It then sells those shares to the public for $25 per share. How much money does JCN receive? What is the profit to the investment bank? What is the stock price of JCN? 12. What is venture capital? 16. One of the major activity areas of securities firms is trading. What is the difference between pure arbitrage and risk arbitrage? What is the difference between position trading and program trading? 22. How did the financial crisis affect the performance of securities firms and investment banks? 27. What are the three requirements of the USA Patriot Act that financial service firms were required to implement after October 1, 2003