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Explain what a bond is. Also explain why an issuer might choose to issue bonds. Finally, state 1 reason why the issuer might benefit from/choose

Explain what a bond is. Also explain why an issuer might choose to issue bonds. Finally, state 1 reason why the issuer might benefit from/choose to issue bonds (relative to equity) and also state 1 reason why the issuer might not prefer to issue bonds (relative to equity).

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