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Debt contracts A. are used much more frequently to raise capital than equity contracts. B. have an advantage over equity contracts in that they have

Debt contracts A. are used much more frequently to raise capital than equity contracts. B. have an advantage over equity contracts in that they have a lower cost of state verification. C. are agreements by the borrowers to pay the lenders fixed dollar amounts at periodic intervals. D. all of the above. E. only A and B of the above

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