1. Apple Raises $17 Billion in Record Debt Sale Kun-Mao Chao Kun-Mao Chao ( 趙坤茂 ) Department of Computer Science and Information Engineering National Taiwan University, Taiwan A note given in BCC class on May 1, 2013

2. Steve Jobs 2 Source: Wikepedia

3. Timothy Cook 3 Source: The New York Times 4/30/2013

4. Why? With a $145 billion cash hoard, Apple could acquire Facebook, Hewlett-Packard and Yahoo — and still have more than $10 billion left over. In a record bond deal, the company raised $17 billion on Tuesday. Why would a company with so much cash even bother to issue debt? 4 Source: The New York Times 4/30/2013

5. Some of the reasons to exploit historically low interest rates and strong investor demand for bonds to help finance a $100 billion payout to its shareholders to avoid a potentially big tax hit 5 Source: The New York Times 4/30/2013

6. The Dow Jones Industrial Average 6

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