As a savvy student of personal finance, you've just learned that a company in your hometown made
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As a savvy student of personal finance, you've just learned that a company in your hometown made so much money last year that they are going to distribute a huge cash distribution this quarter. In order to get in on the deal you've got to make a quick decision. Ignoring the wisdom of such a purchase, which security would you buy to receive the cash payment-stock in the company or a bond offered by the company? Explain your answer.
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