Which of the following statements is true concerning securities firms? a. They act as conduits transferring funds from SSUs to DSUs b. They sell newly issued securities in the primary market c. They buy and sell previously issued securities in the secondary market d. Each of these answers is correct Which of the following is a typical activity of investment banks? Select one: a. Assisting corporations that are repurchasing their own stock b. Determining the price of already issued securities c. Advising clients on the timing of new securities offerings d. Each of these answers is correct 40