Which of the following statement$($s$)$ is $($are$)$ TRUE?

Select one or more alternatives:

From a shareholder's point of view, issuing convertible bonds is always preferred to issuing straight bonds

because the interest rate on convertible bonds is lower.

The direct costs of issuing securities in an IPO as a proportion of issue proceeds tends to decrease with the

size of the issue.

Because of the Winner's Curse, shares issued in an IPO generally have low or negative returns over the first

day of trading.

In case of financial distress, it is usually more difficult for a company to renegotiate repayment obligations for

public bonds than private debt.