1. The following does not have a fiduciary obligation;

A. An accountant involved with financial securities.

B. An employee at an investment dealer.

C. A lawyer involved with underwritings.

D. A director of a private corporation.

2.Leverage buy-out is

A. The purchase of debt securities of private or public companies.

B. The acquisition of companies financed with debt and equity.

C. The financing of firms that are in the infancy stages.

D. The financing of expanding firms for their acquisition.