What is a public offering? An arrangement between a corporation and an investment bank whereby the corporation's issued securities are sold to the general public An arrangement between a corporation and an investment bank whereby the investment bank invests the corporation's fund in selected portfolios An arrangement between a corporation and an investment bank whereby the corporation accepts to deal exclusively with the investment bank An arrangement between a corporation and an investment bank whereby the corporation's issued securities are sold to a large institutional investor Which of the following are reasons why a bank trades securities? (I) To reduce its own risk exposure (II) To meet the needs of its counterparties (III) To take a speculative position (I) and (III) (i) only (I), (II) fiend (III) (II) and (III) Which act allowed bank holding companies to acquire branches in different states? Riegel-Neal Act McFadden Act Sarbanes-Oxley Act Bank Holding Act