Which statement is TRUE?

A.An announcement that a group of investment banks is preparing to sell stocks for a new issue is called a prospectus.

B.A group of investment banks that join together to buy all of the stock of a company and then sell it to investors is called a mob.

C.When an investment bank buys an entire issue and then tries to sell it, this is called a best effort deal

D.All of the above are True or None of the above are true

Which statement is TRUE?

A. The selling group buys securities from the syndicate and sells them to their clients

B. In an Eastern Account deal, each syndicate member must buy any of their allotted shares that they were unable to sell

C.The bank that actually sells a share of stock in an issue receives the selling concession

D.All of the above are True or None of the above are true