> This is just speculation on my part but also perhaps instead of investing the money in the company it is better to just buy bonds for a better rate of return?

> This is just speculation on my part but also perhaps instead of investing the money in the company it is better to just buy bonds for a better rate of return? That is what I was trying to get an answer on. That is rooted on the premise that it needs to be a truthood/assumption that Microsoft's projects net them less than the risk free rate (which is 4.5%). That seems low.