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23. If you discount the cash flows of an investment using the IRR rate, you will arrive close to or exactly at Zero for the

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23. If you discount the cash flows of an investment using the IRR rate, you will arrive close to or exactly at Zero for the NPV. a. True b. False Page 5 24. An advantage to a corporation of issuing bonds rather than issuing stock or borrowing from a bank include(s) a. All of the below are true b. Interest on bonds is tax deductible, but dividends are not c. Bondholders have no voting rights or ownership of the corporation d. Bank lenders often demand a huge amount of annual information and place onerous restrictions on the business

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