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3. Describe the forms of risk that an investment bank must consider in relation to acquisition and underwriting transactions. Describe what it means for a firm to set aside capital when it completes underwriting transactions.
4. Describe the role and importance of credit rating agencies in the Freeport-McMoRanTransaction. Which group within an investment bank has the primary responsibility to work with companies regarding rating agency considerations?5. Describe the role of equity research at JPMorgan in the transaction. How has the role of equity research changed since 2003?
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U.S. Securities and Exchange Commission, investment banks, investment bank