Which of the Following Statements Is NOT True

Which of the following statements is NOT true?

A) For firms that have limited access to the public capital markets, the cheapest source of external funding is often the private markets.
B) Bootstrapping and venture capital financing are not part of the private market.
C) The biggest drawback of private placements involves restrictions on the resale of the securities.
D) Many private companies that are owned by entrepreneurs, families, or family foundations and are sizable companies of high credit quality prefer to sell their securities in the private markets.