37 d Which of the following is true about an investment bank underwriting a new security offering? 1. The investment bank purchases newly-issued securities from the issuing firm II. The investment bank acts to transfer funds from the issuing firm to investors III. The investment bank typically sells newly-issued securities to a broker-dealer network ut of 1.0 question Select one: O a. I only b. I and II only O c. I and III only d. I, II, and III tion 38 yet wered U.S. capital market securities: 1. Are issued in maturities of more than one year II. Can be either debt or equity securities III. Cannot be traded in the secondary market ats out of 1.0 Flag question Select one: A. I only B. I and II only C.I and Ill only D. I, II, and