Converter Cost
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HVDC has no line charging current, no skin effect in steady DC conductor current, and no AC-type steady-state angular stability limit on the DC line. However converter stations are complex and expensive, so “cheap cost of equipment (converters)” is not an advantage. Therefore option D.

HVDC saves on line behavior but pays a converter-station cost penalty.
Do not confuse lower long-distance transmission cost with low converter-equipment cost.
HVDC saves on line behavior but pays a converter-station cost penalty.