netflix has recently financed the expansion of its original content library to a great extent through the issuance of debt instead of equity. Which of the following factors would NOT be a reason for this decision?

a. Debt financing allows for the tax deductibility of interest payments which reduces the cost of financing b. Debt offerings are generally less expensive than equity offerings with respect to offering and transaction costs c. the markets expected reaction to an equity offering of an existing public company is often negative resulting in a drop in stock price d. using debt rather than equity reflects confidence in the companys prospects and a desire to leverage existing stockholder interest in future growth with out further dilution e. Debt allows netflix to retain control of the content without the need to grant new stockholders a security interest in their profits when subsequently relesased in international markets