The function of a broker's broker in the municipal bond business is to do which of the following?
Help sell municipal bonds that a syndicate has been unable to sell.
Protect the identity of the firm on whose behalf the broker's broker is acting.
Help prepare bids for an underwriting syndicate.
Serve as a wholesaler, offering bonds at a discount from the current bid and offer.
A) I and II.
B) I and IV.
C) II and III.
D) III and IV.
Answer: A) I and II.