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4. (5 points) Bondholders and stockholders have unique claims on the cash flows generated by the assets of the firm. After describing the claim of

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4. (5 points) Bondholders and stockholders have unique claims on the cash flows generated by the assets of the firm. After describing the claim of each investor group, explain how the difference in claims impacts the relative cost to the firm of raising money via debt (ka) and equity (k.)

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