Explain Answer

Which is most CORRECT? O a. The SEC requires that all private placements be handled by a registered investment banker. O b. Private placements occur most frequently with stocks, but bonds can also be sold in a private placement. O c. Private placements are convenient for issuers, but the convenience is offset by higher flotation costs. ofthe following statements d. Private placements can generally bring in funds faster than is the case with public offerings. O e. In a private placement, securities are sold to private (individual) investors rather than to institutions