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Select a company with long term bonds outstanding. There are many examples in the textbook. Locate and analyze a current quotation for that bond. Use figure 10.2 in the textbook as a guide. Compare the current price with the par value. Explain at least one (1) reason for the difference.1. Why do corporations employ investment bankers?2. Identify the primary market functions of investment bankers.3. Discuss how investment bankers assume risk in the process of marketing securities of corporations. How do investment bankers try to minimize these risks?4. Briefly describe the process of competitive bidding and discuss its relative advantages and disadvantages.5. Explain market stabilization.6. Identify the costs associated with going public.7. Briefly describe how investment banking is regulated.8. Describe the inroads into investment banking being made by commercial banks.9. In 2003, several investment banking firms were fined $1.4 billion for ethics abuses related to the underwriting process. Will this be a deterrent for ethical lapses?10. What are some of the characteristics of an organized securities exchange?