In Feb2018, Amazon raised US$3.5bn by issuing 10- year bonds carrying annual coupon of 3.15%. Amazon could also have raised the same amount of funds from the equity market. What benefits does Amazon get by raising funds via bonds that they would not have received by issuing equity? Why do you think the company did not take a bank loan for the total amount raised? (40 marks) 10 Marks each for Bonds, Loan and Equity, and 10 for conclusion.
