According to Stewart Myers $(1984),$ which of these two are true statements about motivations for mangers in deciding whether to issue debt or equity?

$($i$)$ floatation costs for stock issues tend to be higher than those for bond issues.

$($ii$)$ Bond issues send negative signals to the markets.

Group of answer choices

Only $($i$)$ is true.

Only $($ii$)$ is true.

Neither are true.

Both are true.