Question $1.$ a$)$ Name one advantage of issuing bonds to raise capital compared to other means of financing.

b$)$ Which one$($s$)$ of the following is$/$are not true $?$

$[$i$)]$For the same underlying asset, a forward is more standardized and

more liquid than a futures IPO allows a firm to raise capital while

staying private. Bonds are typically more liquid than bank loans.

Preferred share stock holders have voting rights.