A. Mike wants to raise money for his company but doesn’t want to give up any ownership, so he decides to issue bonds rather than stock. B. Maddie is interested in a fixed payout, so she buys a bond from IBM. C. Lewis is worried about bearing a lot of risk, so he buys a bond with a B rating. D. Dave wants to own part of a company, so he buys a bond from Goldman Sachs. E. Carol says without risk there is no reward. So, trying to get the highest bond return she can, she buys bonds with a CCC rating rather than bonds with a AAA rating. F. Jordan doesn’t want to pay back any of the people who give her money to expand her business, so she sells stocks instead of bonds.