If the Apple corporation sells a bond it is
A)borrowing directly from the public.
B)borrowing indirectly from the public.
C)selling shares of ownership directly to the public.
D)selling shares of ownership indirectly to the public.

Question

Quizplus · Accepted Answer

When a corporation sells a bond, it is borrowing money directly from the public. The bond is a debt instrument through which the bondholders are lending money to the corporation for a specified period of time, in exchange for periodic interest payments and the return of the bond's face value at maturity.

If the Apple Corporation Sells a Bond It Is