Which One of the Following Statements Concerning the Underwriting of New

Which one of the following statements concerning the underwriting of new issues of debt and equity is correct?

A) Underwriters exercise the Green Shoe option whenever the market price of an IPO declines on its first day of trading.
B) Underwriters guarantee the number of shares to be sold in a best efforts underwriting.
C) Competitive underwriting is generally more expensive than negotiated underwriting.
D) Underwriters may receive warrants and shares of stock as part of their compensation.
E) The majority of equity underwritings in the U.S.are competitive underwritings.