If Pirate Recording elects to offer an Initial Public Offering (IPO), it will involve preparing full financial disclosure with the The firm is advised to solicit the services of an investment banker/underwriter, who will analyze the market and determine the best price for the new issue of Pirate Recording stock. The offering will then be sold on the

A- Internal Revenue Service; secondary market.

B- Fair Trade Commission; primary market.

C- Federal Trade Commission; secondary market.

D- Securities and Exchange Commission; primary market.