A company needing additional capital can either borrow it, or convince stockholders to invest more. (There is also the third option of using money already accumulated, but this possibility sort of voids the premise of "a company needing additional capital".) Please answer the following questions as pertaining to the above mentioned statement. (Please, site the professional sources for the info).

a.List the various advantages and disadvantages of issuing stock orlong-term debt, such as bonds.

b. If you were helping manage a company that was in the market for more capital, which of these two basic optionswould you recommend?

c. What argument for one option versus the other would you present to your fellow board members?