Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) Most often, corporate bonds are offered publicly through investment banking firms such as underwriters which use a best effort underwriting.
B) In a competitive sale, the bond-issuing firm invites bids from a number of institutional buyers such as mutual funds and pension funds.
C) In a negotiated sale, a consortium of investment banks obtains the right to originate, underwrite, and distribute the new bonds through a Dutch auction process.
D) None of the statements are correct.