Investment bankers are constantly designing securities to offer to potential investors on behalf of their clients. Not all clients are of a high investment grade. So what does an investment banker do

a.

launch the product and design it in a way as to protect its creditors during the lifespan of the transaction.

b.

launch the product, collect the commission and pass the entire risk on the creditors.

c.

reject a transaction because it is considered too weak

d.

launch the product with a big caveat that this product may default before maturity