Question
According to a study by Lee, Lockhead, Ritter and Zhao, direct expenses across all offerings are Blank______ for equity offers than for debt offers.
Multiple choice question.
about the same
greater
lower
Multiple choice question.
about the same
greater
lower
Answers
GPT-4o mini
According to the study by Lee, Lockhead, Ritter, and Zhao, direct expenses across all offerings are **greater** for equity offers than for debt offers.