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13. What was the primary purpose of the Securities Exchange Act of 1934? 14. What is the overall purpose of securities markets? Chapter 15 15.

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13. What was the primary purpose of the Securities Exchange Act of 1934? 14. What is the overall purpose of securities markets? Chapter 15 15. How is the role (or work) of an Investment Banker different from that of a Commercial Banker? 16. What are the benefits accruing to a company that is traded in the public securities markets? 17. What are the disadvantages to being public? 18. How does a leveraged buyout work? What does the debt structure of the firm normally look like after a leveraged buyout? What might be done to reduce the debt

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