Which of the following are TRUE of an official statement?
It is required by the SEC for all new issues.
It is required by the MSRB for all new issues.
It is required to be delivered to purchasers at or before settlement.
It is generally used by underwriters to help sell the issue.
A) II and III.
B) III and IV.
C) I and II.
D) I and IV.
Answer: B) III and IV.