The Agency Costs of (Outside)equity Can Result In

The agency costs of (outside) equity can result in:

A) a benefit to society in the sense that the firm can raise external equity thus generating additional funds that can be invested.
B) a cost to society because the market value of corporate assets is reduced.
C) entrepreneurs paying less than 100% of the cost of consuming perquisites.
D) all of these
E) none of these