5. Why do we use short selfing? When do we gain, and when do we lose accoriling to it? 6. Distinguish the different participants on the NYSE 7. Compare are and contrast "best efforts" with "fired commitment" underwithng Ascertain that you include as a minimum the definition of and benefits of underviling as well as the advantages of a syndicate to complete an IPO. 8. Eincilate regulation of the securities industy. Who are the chitical regulatos and how do they regulate? Why is the structure of it suboptimal 9a) Give an example of asset secmitimation b) Describe 5 aspects of investment banking 10. a)What has happened to transactions costs inter temporally? B) is your money safe in a broker dealer