Which of the following statements is false?

a. New stock offerings and initial public offerings raise about $200 billion a year, most of which finances capital spending.

b. Nearly all of the money that flows into the stock market buys stock that has already been issued.

c. Nearly all of the money that flows into the stock market goes directly to the corporation issuing the stock and ends up as new plant and equipment.

d. Bondholders lend money to a company and are therefore creditors rather than owners.