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Discuss the advantages of bonds over common stock

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Reference no: EM131130928

Joe Penner, president of Penner Corporation, is considering the issuance of bonds to finance an expansion of his business. He has asked you to 

(1) Discuss the advantages of bonds over common stock financing,

(2) Indicate the types of bonds he might issue, and 

(3) Explain the issuing procedures used in bond transactions.

Instructions

Write a memo to the president, answering his request. 

Reference no: EM131130928

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