Task: Property Constraint Reasoning (ontology: Business_Finance/Financial_Industry_Business_Ontology)

The property 'participates in' applies to instances of 'muni issuance process participant', and 'correspondent' is a subclass of 'muni issuance process participant'. Which class can appear as the value of 'participates in' for instances of 'correspondent'?

A. paying agent
B. securities underwriting issuance process
C. transfer agent
D. registered security issuance process

Answer: securities underwriting issuance process