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Which of the following represents an advantage of selling bonds to raise long-term capital? a. It requires the company it issue more common stock. b.

Which of the following represents an advantage of selling bonds to raise long-term capital?

a. It requires the company it issue more common stock.

b. Face value must be repaid at maturity.

c. Interest is a tax-deductible expense.

d. Bondholders have voting rights.

e. Interest is a legal obligation.

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