please answer questions 17 and 18

17. The correct statement includes the followings except A. Interest payment on a firm's long-term debt is tax deductible. B. Leverage ratio is calculated as total long-term debt (including current portion of long-term debt)/total assets C. PEAD is an investment strategy by using stop loss order to minimize losses. D. Too much debt may increase a firm's bankruptcy (or default) risk. E. A firm can raise its capital by issuing stocks or/and bonds. 18. The correct statement includes the followings except A. Board declares the dividend and it becomes a liability of the firm. B. Some investors prefer low dividend payouts; Some investors prefer high payouts; investors will buy stock in companies that meet their dividend preferences equity. This can be explained by catering theory. C. Lockup agreements during an IPO are the Restricts insiders from selling IPO shares for a specified time period. Common lockup period is 180 days. D. Syndicate refers to a group of investment bankers that market the securities and share the risk associated with selling the issue. E. Underwriters price the securities, sell them, and they also provide venture capitals and issue dividends to firms that are in need of capital