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15. Johnny is a 67-year-old retiree. He is looking for an investment instrument that provides steady and continuous cash flows. Johnny is considering investing in
15. Johnny is a 67-year-old retiree. He is looking for an investment instrument that provides steady and continuous cash flows. Johnny is considering investing in different financial securities issued by a firm, including ordinary shares, preference shares, and corporate bond. How do you compare the features of these financial securities and recommend which is most suitable investment target for Johnny?
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