Chunky Chicken, Inc., announced yesterday that it plans to issue $100 million in debenture bonds to fund the expansion of its fast food chain of restaurants. In financial terms, this means:
A. The corporation will borrow $100 million worth of long-term financing. The bond issue will not carry any collateral. B. The corporation will issue $100 million worth of equity financing. The bond issue will be backed by the property and buildings purchased with the funds. C. The corporation will borrow $100 million worth of long-term financing. The issue will be backed by the property and buildings purchased with the funds. D. The corporation will issue $100 million worth of interest free bonds. Financiers will be paid from the revenues created by the individual franchises.
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