Which of the Following Is/are Not True

Which of the following is/are not true?

A) Callable preferred shares provide the issuer with the right to repurchase preferred shares at a specified price,
B) If financing becomes available at a cost lower than the rate fixed for the preferred shares, the issuing firm can reduce its financing costs by issuing new securities and then exercising its option to reacquire the outstanding callable preferred shares at a fixed price.
C) The call option is valuable to the issuing firm but makes the shares less attractive to potential owners of the shares.
D) Other things equal, a firm will receive a smaller amount from issuing callable preferred shares than from issuing noncallable preferred shares.
E) none of the above