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Collin has been listening to the business news and his interest was piqued when he heard about the idea of investing in stocks and bonds.

Collin has been listening to the business news and his interest was piqued when he heard about the idea of investing in stocks and bonds. He was however a bit confused when he heard about ordinary shares, preference shares and debentures. As a financial advisor, please advise Collin on two benefits and two drawbacks of investing in each type of instrument mentioned above. Please ensure that you state the instrument to which you are making reference.

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