According to the signaling theory, what is symmetric information?

Select one:

a. The situation in which investors and managers have identical information about the firm's prospects

b. The situation in which employees and managers have identical information about the firm's prospects

c. The situation in which investors and creditors have identical information about the firm's prospects

d. The situation in which managers have different (better) information about their firm's prospects than outside investors

e. The situation in which employees have different (better) information about their firm's prospects than managers