Quention 14 Which of the following statements is FALSE? Notyot answered a. In a cash offer, only the existing shareholders are eligible to purchase the shares offered. Marked out of 1.00 b. The underwriting spreads charged by underwriters are not sensitive to issue size. c. During a firm's IPO, the underwriter does not always set the share price to reflect the fair value of the firm d. Venture capital firms usually specialize in raising money to invest in the private equity of young firms