1. Explain 3 advantages of taking a long term debt for an organization.

2. Explain 3 disadvantages of taking a long term debt for an organization.

(Make sure your responses include the significance of "debt to asset ratio")

3. Research any bonds issued by a local government body in your community / state.

a) Identify the bond issuer, the purpose of the bond, the total amount being raised.

b)What is the yield of this bond?

c) When is the maturity date of this bond?

d) What is the rating of this bond? What does this rating mean?

c) What are 3 benefits of investing in this bond?

d) What are 3 drawbacks of investing in this bond?

e) Would you personally buy this bond? Why or why no