If a company needs 3B, why would they issue a bond for 6B? What are the benefits of issuing 6 vs 3?

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter11: Liabilities: Bonds Payable
Section: Chapter Questions
Problem 3DQ: If you asked your broker to purchase for you a 12% bond when the market interest rate for such bonds...
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If a company needs 3B, why would they issue a bond for 6B? What are the benefits of issuing 6 vs 3?

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