Equity Monitoring Costs Are Lower in the United States Than

Equity monitoring costs are lower in the United States than in other countries because:

A) the corporate debt in U.S. companies consists of bank loans.
B) capital gains are not taxed in the U.S. unless they exceed some minimum amount.
C) U.S. companies must comply with relatively stringent audit requirements.
D) dividends in the U.S. are tax-exempt.
E) U.S. banks are more directly involved with the debtor firms' affairs.