Question: Which statement is correct? Straight bonds are more costly to issue than convertible bonds. The underwriters pay the spread. The total direct cost as a

Which statement is correct? Straight bonds are more costly to issue than convertible bonds. The underwriters pay the spread. The total direct cost as a percentage of gross proceeds for an IPO tends to decrease as the size of the offer decreases. Taxes are an indirect underwriting cost. Seasoned equity offerings (SEO) tend to be less costly than IPOs

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