if the extra interest cost of borrowing long-term is less than the expected cost of rising interest rates before it retires its debt.
B.
if the extra interest cost of borrowing short-term due to rising interest rates does not exceed the expected premium that is paid for borrowing long term.
C.
if short-term interest rates are expected to decline during the term of the debt.
D.
if long-term interest rates are expected to decline during the term of the debt.