Which of the Following Statements Is True

Which of the following statements is true?

A) Generally the IPO market collectively raises about half as much external capital as very large corporations in the U.S.
B) IPOs generally represent less than 10% of all new common equity raised yearly by U.S. corporations.
C) There is little competition in the U.S. stock markets for IPO listings.
D) All of the above statements are true.
E) Only statements (a) and (c) are true.