Which one of the followings is the correct answer to the question? Thanks?

Question

Investment banker makes money by: a.commissions from buyers, b. fees from other investment bankers in the syndicate, c. the spread between issue price and proceeds fto the issuer, d. artificially supporting the stock price during and after the offering.

Answer 1

C

Answer 2

I think I would choose a.
b makes no sense as he would have to pay a fee to his mates.
c; How many issues are there that he could make a living? These are jam on the bread.
d; bankers don't gamble in that way. They have more sophisticated manners to relieve you from your hard earned money.

Answer 3

c