The Adoption of SEC Rule 144A Provided Private Placement Borrowers

The adoption of SEC Rule 144A provided private placement borrowers

A) higher costs of financing because of increased regulation.
B) lower-cost financing because of the reduction in default risk provided by the regulation.
C) lower-cost financing because private placement investors can now trade private placement securities instead of holding them for a two-year period.
D) the right not to register their issues with SEC.