Which of the Below Statements Is FALSE

Which of the below statements is FALSE?

A) A secondary common stock offering is an offering of common stock that had been issued in the past by the corporation.
B) For a secondary offering, the range for the gross spread as a percentage of the amount raised is between 3% and 6%.
C) For traditional bond offerings, the gross spread as a percentage of the principal is around 100 basis points.
D) The typical underwritten transaction involves so much risk of capital loss that a single investment banking firm undertaking it alone would be exposed to the danger of losing a significant portion of its capital.