Q3. State whether each of the following involves debt financing or equity financing Use letter (D) to indicate debt financing, and letter (E) to indicate equity financing La) State-run Bahrain Petroleum Co (Bapco) has completed a multibillion-dollar financing aimed at expanding its refining capacity to 380,000 barrels per day (bpd) from 267,000 bpd. Five export credit agencies and a syndicate of 21 commercial banks - regional and international - took part in the financing, which includes conventional and Islamic loans, Bapco said. b) A third mortgage on your house for $50,000. c) In Saudi Arabia, a wave of IPOs is hitting the market - Nayifat Finance is the latest. The Chairman of NFC said: "We believe now is the right time to go public. The listing enables us to move into the next stage of our ambitious strategy. d) Apple Inc., the world's largest company by market capitalization, has been an active bond issuer recently, capitalizing on historically cheap borrowing costs. The iPhone maker sold $14 billion of bonds in February 2021