QUESTION 4 Why would a company borrow money by issuing a bond instead of getting a loan from a bank? Having a rating from a NRSRO like Moody's or S&P will boost the stock price Bonds are convertible into common stock so a better pathway to growth Bonds are securities that trade in the secondary market, getting a lower interest rate by opening up to a wider base of lenders Bonds are securities that trade in the secondary market, so the company can cut borrowing costs by trading as an insider in this market