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Joe Penner, preside of Penner Corporation, is considering the issuance of bonds to finance an...

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Accounting

Joe Penner, preside of Penner Corporation, is considering the issuance of bonds to finance an expansion of his business. Discuss the advantages and disadvantages of using bonds to grow his business. What types of bonds would be the least risky to the business? When would it be more beneficial to issue stock, rather than issuing bonds?

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