Determine and discuss the cost of the long - term debt for your company. Discuss the advantages and disadvantages of issuing bonds to finance an organization.\ Calculate your companys tax rate by referring to its most recent annual income statement\ \ \ Determine your companys after-tax cost of debt by finding the most recent bond issuance and deducting the tax rate.\ \ \ Discuss why you believe your companys bonds are selling for a discount/premium. Hint: some of the answer may be found by determining your companys bond rating awarded by S&P or Moody.\ \ \ \ Some of the advantages and disadvantages of issuing bonds apply to most organizations, and some may apply specifically to your company. Hint: some of the advantages and disadvantages may hinge on your companys bond ratings, leverage ratios, cash flow, and times interest earned coverage.