Under Most Circumstances, a Corporate Firm Will Choose to Use

Under most circumstances, a corporate firm will choose to use retained earnings as a way to finance its activities because

A) it carries a higher cost than issuing new shares of stock.
B) there is less regulatory review when internal funds are used for financing.
C) current stockholders experience the dilution of their share of stock.
D) All of these alternatives are reasons that corporations prefer to use retained earnings.