Question Two (20 marks) Endibank Merchant Banking Services Limited was incorporated in the 1989 as a subsidiary of South African Bank. The bank is engaged in Merchant Banking, Advisory Services, Stock Broking, Depository Participant Activities, Distribution of Mutual Fund and other Investment Products and online Trading. The bank is registered with Securities Exchange Board of Zambia undertaking the following assignments: Under various capacities like Lead Manager, Co-Manager, Advisor, Arranger etc. for public issues, rights issues and private placement. For acquisition of shares & takeovers under SEC. For Employee stock option scheme/Stock Purchase Scheme by Corporates under the SEC, Guidelines. Assume that you are appointed as Assistant Manager in Endibank Merchant Banking Services Limited. XYZ Company approaches bank to manage a new issue of shares of 1 Billion Kwacha. This task is entrusted to you to independently handle this new issue of shares. Handling of this type of task is new and challenge to you. You have to establish your credibility to your employer and client of XYZ Company. 1. As an Assistant manager, how you would proceed to manage this issue of 1 Billion kwacha keeping in view the guidelines of SEC, Registrar of companies & Stock Exchange? 2. Besides issue of shares, what other services are provided by Merchant Banks to its customers