Which of the Following Characteristics Are Not an Advantage of Being

Which of the following characteristics are not an advantage of being a publicly traded company?

A) Tapping into the security markets for a greater amount of funds.
B) Prestige is helpful in bank negotiations, executive recruitment and the marketing of products.
C) Allows the firm to play the merger game, using marketable securities for the purchase of other firms.
D) Compliance costs because of various public disclosure requirements.