Identify the following as either an advantage or a disadvantage of bond financing for a company. a. A company earns a higher return with borrowed funds than it pays in interest. b. Requires payments of both periodic interest and par value at maturity. c. Interest on bonds is tax deductible. d. Bonds require payment of par value at maturity. e. Bonds do not affect owner control. f. An organization earns a lower return with borrowed funds than it pays in interest. Advantage Disadvantage