Able Corporation plans to sell $10 million worth of common shares to investors. The company can do so without filing an S-1 registration statement under the Securities Act (1933) if Able sells the shares

a. To an investment banker who then sells them to investors in its national retail network.

b. To no more than 75 investors solicited at random.

c. Only to accredited investors.

d. Only to 35 accredited investors and an unlimited number of unaccredited investors.