Which of the following statements is most correct?

a.One of the advantages is that financing with stock is that a greater proportion of stock in the capital structure can reduce the risk of a takeover bid.

b.A firm with classified stock can pay different dividends to each class of shares.

c.One of the advantages of financing with stock is that a firms debt ratio will decrease.

d.Statements b and c are correct.

e.All of the above are correct.