Identify the following as either an advantage or a disadvantage of bond financing for a company. a. Bonds require payment of periodic interest. b. Unlike distributions to owners, bond interest payments are tax deductible. c. Bonds require payment of par value at maturity. d. Bonds do not affect owner control. e. A company earns a lower return with borrowed funds than it pays in interest. f. A company earns a higher return with borrowed funds than it pays in interest. 8