From the Firm's Point-Of-View, the Issuance of Convertible Bonds Has

Multiple Choice

From the firm's point-of-view, the issuance of convertible bonds has all of the followingadvantages EXCEPT

A) a temporary source of cheap funds.
B) upon conversion, an increase in financial leverage.
C) tax-deductible interest payments.
D) the deferred sale of common stock.