The Process of Underwriting a Stock or Bond Issue Requires

The process of underwriting a stock or bond issue requires that the investment bank

A) assure investors that the issue will provide them a high return.
B) purchase the entire issue at a predetermined price if the quantity demanded by consumers is insufficient at the predetermined price.
C) purchase the entire issue at a predetermined price and then resell it in the market.
D) do both A and B of the above.