Each of the Following Is Sometimes Performed by Underwriters EXCEPT

Each of the following is sometimes performed by underwriters EXCEPT:

A) They stand ready to take up the slack if some of the shares in a best-efforts offering are not purchased.
B) They purchase and resell extra shares from the issuer in an oversubscribed offering.
C) They spread the risk of issuing the securities by forming a syndicate.
D) They provide advice to the issuing firm.
E) They act as an intermediary between the company selling the securities and the investing public.