Most equity research analysts are employed by (and receive their paychecks from): Industrial companies Individual households O A sell-side firm The media Which of the following are possible consequences of the usual compensation model and industrial structure for equity analysts? (Choose all that apply.) Analysts tend to recommend "sell to build the brand of maintaining high standards. Analysts will usually recommend "sell" in order to gain profits from selling short High-ranking analysts may "herd" by choosing valuations similar to other analysts to protect their position in the rankings. Low-ranked analysts may make outlandish and contrary predictions, hoping that a lucky break will proper them to the top of the rankings. Analysts will work hard to provide accurate valuations for companies. Most equity research analysts are employed by (and receive their paychecks from): Industrial companies Individual households O A sell-side firm The media Which of the following least likely belongs on the sell side? (pick one) Hedge funds Traders Investment bankers Salespeople Broker-dealers