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Explain how equity holders differ from debt-holders (banks and/or bondholders) in their preference for publicly available financial information. Given their inherent differences, which of these
Explain how equity holders differ from debt-holders (banks and/or bondholders) in their preference for publicly available financial information. Given their inherent differences, which of these two stakeholders would pressure the firm to disclose financial reports with more conservative (prudent) accounting estimates? (500 words max)
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