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The two primary means that corporations use to raise capital are issuing stock and issuing corporate bonds. When the corporation issues bonds (long-term debt), it

The two primary means that corporations use to raise capital are issuing stock and issuing corporate bonds. When the corporation issues bonds (long-term debt), it rarely receives the face-value of the bonds. What factors influence the excess (premium) or reduced (discount) bond price - in relation to the face value? In your opinion, when corporations needed to raise money, should they consider issuing stocks first before issuing bonds? Why or why not?

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