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Define 'debt' and 'equity' in the context of corporate finance. List and explain the key characteristics of debt and equity instruments. Discuss the advantages and

Define 'debt' and 'equity' in the context of corporate finance. List and explain the key characteristics of debt and equity instruments. Discuss the advantages and disadvantages of a company using debt versus equity for its financing needs. Provide real-life examples of companies that predominantly use debt or equity and explain the possible reasons for their choices

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