Which of the following is correct?

A. There is no good reason to expect a firms bondholders and stockholders to react differently to the types of new assets investments a firm makes

B. Bondholders are generally more willing than stockholders to have managers invest in risky projects with higher potential returns as opposed to safer lower returns

C. Relative to sole proprietorship corporations generally face fewer regulations which makes raising capital easier for corporations

D. Stockholders are generally more willing than bondholders to have managers invest in risky projects with high potential returns as opposed to safer projects with lower returns

E. One disadvantage of operating as a corporation rather than a partnership is that corporate shareholders are exposed to more personal liabilities