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(a) Explain each of the TWO (2) advantages and TWO (2) disadvantages of the characteristics of corporations. (b) Explain why the issuance of company shares

(a) Explain each of the TWO (2) advantages and TWO (2) disadvantages of the characteristics of corporations.

(b) Explain why the issuance of company shares under the Companies Act 2016 is no longer carrying a par value.

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