In a recent year, Avaya, Inc., an East Coast telecommunications company, issued 34,300,000 shares of common stock

Question:

In a recent year, Avaya, Inc., an East Coast telecommunications company, issued 34,300,000 shares of for a total of $212,000,000.15. As a growing company, Avaya could have raised this significant amount of money by issuing long-term bonds, but the company's bond rating had recently been lowered. What are some advantages of issuing as opposed to bonds? What are some disadvantages?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...