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From the viewpoint of the issuing firm, which of the following is thought to be an advantage of using long-term bond financing? a. reduced cost

From the viewpoint of the issuing firm, which of the following is thought to be an advantage of using long-term bond financing?

a. reduced cost due to tax deductibility of interest

b. greater dilution of the firms earnings per share

c. the presence of restrictive covenants

d. the legal obligation to pay interest

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