“Long-Term Liabilities” Please respond to the following:
- Use the Internet or Strayer online databases to research companies like Philip Morris International, Medtronic Inc., Plains All American Pipeline LP, and Simon Properties Group that all sold 30-year bonds in 2012 in an effort to extend their debt,
- lock
- in low interest rates, and take advantage of investor demand. Then, determine the principal advantages and disadvantage of issuing 30-year bonds over 5-year bonds for the companies you researched. Provide support for your response
