Which one of the following statements is correct concerning the issuance of long-term debt? Multiple Choice A direct private long-term loan has to be registered with the SEC It is easier to renegotiate public debt than private debt. Wealthy individuals tend to dominate the private debt market. O Distribution costs are lower for public debt than for private debt. Direct placement debt tends to have more restrictive covenants than publicly issued debt. O A direct private long-term loan has to be registered with the SEC. long O It is easier to renegotiate public debt than private debt. O Wealthy individuals tend to dominate the private debt market. O Distribution costs are lower for public debt than for private debt O Direct placement debt tends to have more restrictive covenants than publicly issued debt