The Regulatory Taxes Argument Suggests That the Popularity of Loan

The regulatory taxes argument suggests that the popularity of loan commitments is due to

A) the commitment buyer's tax advantage as a result of recording the loan interest at a lower rate.
B) the commitment seller's ability to generate fee revenue without having to fund it until later.
C) special tax treatment that applies to loan commitment.
D) all of the above
E) a and c only