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Answer the following two questions: a) Explain the differences between debt and equity in terms of tax status, default and control (50%) b) Critically discuss

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Answer the following two questions: a) Explain the differences between debt and equity in terms of tax status, default and control (50%) b) Critically discuss how coronavirus pandemic might affect stock prices. Provide rigorous arguments that explain how the pandemic affects stock prices differently depending on the industry. Your answer should include discussion on dividends and company earnings during the pandemic. (50%)

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