An advantage of raising funds by selling bonds rather than common stock is that
a. issuing common stock places no financial obligations on the firm (no legally required future payments to the stock owners)
b. issuing bonds does not dilute (reduce) the claims of the firm's owners
c. bonds never mature and so the money raised never has to be repaid
d. both (a) and (b) are correct answers
e. both (a) and (c) are correct answer