Which One of the Following Statements Is Correct

Multiple Choice

Which one of the following statements is correct?

A) The underwriters must approve any increase in the authorized number of shares for a firm.
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) Oral offers can be made for new securities during the waiting period.
E) When issuing new securities, the first step is the distribution of the prospectus.