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

The property 'is underwritten by' applies to instances of 'securities offering', and 'private offering' is a subclass of 'securities offering'. Which class can appear as the value of 'is underwritten by' for instances of 'private offering'?

A. underwriter
B. security underwriting arrangement
C. security underwriter
D. convertible security

Answer: underwriter