[单选题]

For a company that needs to borrow the same amount of cash, which of the following statements about the relative impact of issuing interest-bearing debt and zero-coupon bonds on the financial statements is (are) true?
             Zero coupon bonds   Interest-bearing debt

A.Cash flow from operations    Higher        LowerII. Cash flow from financing    Higher        LowerIII. Balance sheet liability     Higher        Lower

B.II only.

C.I and II only.

D.I and III only.

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