3. Patterns of Corporate Financing (S13.1) In Figure 13.1, would it have been better to have deducted

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3. Patterns of Corporate Financing (S13.1) In Figure 13.1, would it have been better to have deducted dividends from the net cash raised from shareholders? Should we then have deducted interest payments from net cash raised from debtholders? If so, how would you have defined “internal funds”?

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