Which of the Following Statements Is (Are)true

Which of the following statements is (are) true?

A) Junk bond financing has declined since the 1980s.
B) Tax considerations may motivate managers to pursue a particular takeover target.
C) Tax-loss carryforwards can be used to offset taxes due on future income for up to fifteen years.
D) All of the above statements are true.
E) Only statements (b) and (c) are true.