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From an investor standpoint, what are the disadvantages and advantages of buying bonds? From a firm standpoint, what are the disadvantages and advantages of issuing

From an investor standpoint, what are the disadvantages and advantages of buying bonds? From a firm standpoint, what are the disadvantages and advantages of issuing bonds? If you owned a small, local firm wanting to finance an expansion, how would you raise the funds needed? Is it likely you would issue bonds? Why or why not?

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