Expanding growth within an organization requires some type of capital woven into their long term strategy. This is achieved, usually through debt, equity, or a mix of both.

Part 1) Name at least 1 financial instrument used in raising capital via debt, and at least one way through equity as well.

Part 2) What is more expensive to a company -- raising capital through debt or equity? State your reasons why! Note -- do NOT use the argument "it depends". Pick one side or the other, then explain and justify.