Chunky Chicken,Inc

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.