Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) The flotation-adjusted cost of equity will always be less than the cost of equity that has not been adjusted for flotation costs.
B) The flotation-adjusted cost of equity will always be more than the cost of equity that has not been adjusted for flotation costs.
C) The flotation-adjusted cost of equity may be more than or less than the cost of equity that has not been adjusted for flotation costs.
D) None of these statements is correct.