1. Following the sale of new corporate securities by an investment banking syndicate, Select one: A. investors have a direct financial claim against the investment banking syndicate. B. investors have an indirect financial claim against the investment banking syndicate. C. investors have a direct financial claim against the issuing corporation. D. the investment banking syndicate has a direct financial claim against the issuing corporation.
2. Your father invested a lump sum 33 years ago at 4.25 percent interest. Today, he gave you the proceeds of that investment which totaled $51,480.79. How much did your father originally invest?