Capital is essential to entities of any size. Capital can be in the form of cash, advances on the lines of credit, and bank financing. Larger corporations often need to raise a larger amount of capital. However, companies need this increased capital to be available at less costly rates. Does the issuance of bonds help achieve the goal of less expensive capital? What are some advantages and disadvantages of raising capital through the issuance of bonds?

Support your statements with evidence from the required studies and your research.