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Could someone assist me with these questions? Urgently needed. Thanks and have a nice day! Q2. (a) Explain the rationale behind the choices and objectives

image text in transcribedCould someone assist me with these questions? Urgently needed. Thanks and have a nice day!

Q2. (a) Explain the rationale behind the choices and objectives of portfolio manager in selection of active versus passive investment management strategy. (12 marks) (b) Assess the role of Clearing and Settlement in preventing default risk in exchange. (10 marks) (c) Explain the benefit of underwritten offering versus best effort offering to the underwriting bank and issuing firm. (8 marks)

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