Which One of the Following Statements Is Correct

Multiple Choice

Which one of the following statements is correct?

A) Oral offers can be made for new securities during the waiting period.
B) A Green Shoe letter must be provided to all investors who purchase shares of a new equity offering.
C) Corporate directors have the authority to authorize additional shares of stock for a new issue.
D) The underwriters must approve any increase in the authorized number of shares for a firm.
E) When issuing new securities, the first step is the distribution of the prospectus.