Identify the following as either an advantage (A) or a disadvantage (D) of bond financing for a company. UT a. Disadvantage Bonds require payment of par value at maturity. b. Unlike equity, bonds do not affect ownership of a company. c. A business earns a lower return with the funds from the bond than it pays in interest. d. A business earns a higher return with the funds from the bond than it pays in interest. e. Requires payments of interest even when cash flows are low. f. Bond interest payments reduce total taxes paid. Advantage Disadvantage