Which of the following statements is CORRECT?

a. IPO prices are generally established by the market, and buyers of the new stock must pay the price that prevails at the close of trading on the day that the stock is offered to the public.

b. The government organization that is supposed to regulate security markets is known as the NYSE

c. The Board of Directors is elected by shareholders and are supposed to monitor managers of a firm.

d. All of the above are CORRECT