Education-related financings have always represented a significant portion of our business. Stephens has assisted most of the higher education institutions in Arkansas, as well as institutions in Alaska, Arizona, California, Colorado, Florida, Iowa, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Mississippi, North Carolina, Nebraska, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Puerto Rico, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin and West Virginia. In addition, we are an active bidder on competitive issues sold for public school districts and also serve as financial advisor for a significant number of issuers.