Would you advise the firm to raise additional capital by issuing more debt

New Jersey-based Johnson & Johnson is one of only two U.S. firms with debt rated as “Aaa” by Moody’s Investor Services and AAA by the Standard & Poor’s Corporation, the highest global credit rating. Given the firm’s cash-debt ratio, its cash per share ratio, and its rising cash flows, would you advise the firm to raise additional capital by issuing more debt given the 30-year U.S. Treasury bond rate at under 1%, a record low, as displayed within the current term structure of the U.S. Treasury yield curve?

In 2001, Polaroid Corporation declared bankruptcy. How can you reconcile a bankruptcy declaration with a management pledged to maximize shareholder wealth?