Identify the following as either an advantage or a disadvantage of bond financing for a company. a. Bonds do not affect owner control b. A business earns a lower return with the funds from the bond than it pays in interest c. An organization eams a lower return with borrowed funds than it pays in interest d. Requires payments of interest even when cash flows are low e. Bond interest payments reduce total taxes paid Unlike equity ownership, a par value payment is required at a specified date