3. The following is not one of the principal types of securities underwritten by investment banks: a. Common and preferred stock b. Annuities c. Corporate bonds d. Government securities 14. When a banking firm offers proprietary mutual funds: a. The customer has a greater chance of earning a positive return b. The offering institution provides periodic statements to the customer c. The offering institution can provide investment advice to the customer d. The offering institution acts as broker for an unaffiliated mutual fund 15. Property and casualty insurance: a. Provides term-life insurance b. Provides insurance that covers a variety of business and personal risk C. Accepts the risks involved in protecting property from accidents d. Both (b) and (c)