Which of the following statements concerning private placements is MOS

Which of the following statements concerning private placements is MOST correct?

A) Private placements do not involve investment bankers.
B) More than half of all private placements are sold to federal, state, or local governments or
government agencies.
C) Although not selling the securities to the public, investment bankers may provide advice on
the evaluation of prospective buyers and the terms of sale for private placements.
D) Private placements are limited to stocks, not bonds.

ANSWER

C