Which of the Following Statements About Goldman Sachs' Underwriting Activity

question 60

Multiple Choice

Which of the following statements about Goldman Sachs' underwriting activity in 2007 is true?

• A)Its fees for underwriting debt were slightly higher than the fees it charged for underwriting equity.
• B)The firm underwrote four times as much equity as it did debt in 2007.
• C)Approximately 50% of its underwriting activity business was in the U.S.
• D)Approximately 50% of its financial advisory activities were outside of the U.S.

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Definitions:

Liabilities

The rights of creditors that represent debts of the business.

Period

Period refers to a length or portion of time, often defined in the context of financial reporting or cycles.

Current Liabilities

Obligations a company is required to pay within one year or an operating cycle, whichever is longer.

Due

Referring to an obligation or payment that is expected to be paid or fulfilled by a certain date.