What is the reason (s) Apple issued bonds instead of borrowing money from the bank? If you did not make relevant notes, you may find this summary helpful a. Bonds generally yield smaller interest rates
b. Bank loans are more restrictive as banks may set up covenants
c. Bond issuance enables corporations to attract a large number of lenders: banks, insurance companies, pension funds etc.
d. Company controls many options about bonds: maturity, ability to convert bonds into stocks
e. All of the above are correct.