We study four types of hybrid financing: preferred stock, leasing, warrants, and convertibles. Please look for practical applications of one hybrid financing type you prefer. For example, Tesla issued convertibles to finance its operation as reported in The End Of Teslas Convertible Era? and Tesla Fuels $166 Billion Bonanza in a Risky Corner of Finance. Describe:

1) The application of your selected hybrid financing type and

2) its advantages and disadvantages.