In comparison to debt issuance expenses, the total direct costs of equity issues are:

Question $7$Select one:

A$.$

meaningless because debt cannot have any indirect costs like equity.

B$.$

considerably less because the equity market is more liquid than the debt market.

C$.$

considerably greater because of the risk of market movement and price change is greater.

D$.$

about the same once cost are amortized over the life of the instrument.