______12) With regard to the use of preferred stock issued as mezzanine financing: ..... and please explain why.

A. the cost to the issuer is generally more than debt but less than common equity

B. the cost to the issuer is generally less than both debt and common equity

C. the cost to the issuer is generally more than both debt and equity

D. the cost to the issuer is generally less than debt but more than common equity