In Comparison to Debt Issuance Expenses, the Total Direct Costs

In comparison to debt issuance expenses, the total direct costs of equity issues are:

A) considerably less because the equity market is more liquid than the debt market.
B) about the same once cost are amortized over the life of the instrument.
C) meaningless because debt cannot have any indirect costs like equity.
D) considerably greater because of the risk of market movement and price change is greater.