Which of the following statements regarding the difference between Equities Bonds or Fixed Income Securities is incorrect?

a. The cost of equity is always lower than cost of debt when bonds are used to raise debt.

b. Equities provide capital increases during normal economic times.

c. Bonds increase in value during economic downturns.

d. Equities are and bonds are traded in secondary market after they are issued by a company

e. Most listed equities have an infinite maturity, while most bonds a finite period of maturity