Which one of the following statements is NOT true?

Select one:

A. For many smaller companies and companies of lower credit standing that have limited access, or no access, to the public markets, the cheapest source of external funding are often private markets.

B. Bootstrapping and venture capital financing are not part of the private market.

C. Bootstrapping and venture capital financing are part of the private market.

D. Many private companies that are owned by entrepreneurs, families, or family foundations and are sizeable companies of high credit quality prefer to sell their securities in the private markets.