7) Critically think and present your viewpoints on the following questions (8 marks) 1. In the aggregate, debt offerings are much more common than equity offerings and typically much larger as well. Why? 2. Why are the costs of selling equity so much larger than the costs of selling debt? 3. Why do noninvestment-grade bonds have much higher direct costs than investment-grade issues? 4. Why is under-pricing not a great concern with bond offerings