On 9 May 2023. Apple Inc, the of the iPhone and iPad among others, that it would sell "$5.25 billion in five-part dollar bonds" 1Describe the instrument that is being created as result of the above . 1 mark ii. Is this an of direct or indirect financing? Explain. (1 mark) iii. Is this an of a primary market or a secondary market ? Explain. (1 mark)

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i The instrument being created as a result of Apple Incs announcement to sell 525 billion in fivepar... View the full answer