Startup companies such as the Farmery, highlighted in the chapter-opening vignette, often have challenges raising sufficient capital. From the issuing company perspective, what are the advantages and disadvantages, including costs and key considerations of pursuing the following forms of capital to finance future expansion?

a) Issuing $1,000,000 in corporate bonds at a 14% rate of interest.

b) Finding an equity partner to contribute $1,000,000 in exchange for a 25% equity stake in the corporation, and having a significant influence on the strategic direction of the business.

c) Issuing 100,000 corporate shares on the Toronto Stock Exchange at a price of $10 per share.