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Explain the meaning of the following terms, and state the circumstances under which their issue would be beneficial to (a) lenders and (b) borrowers: (1)

Explain the meaning of the following terms, and state the circumstances under which their issue would be beneficial to (a) lenders and (b) borrowers:

(1) Deep discount bonds

(2) Zero coupon bonds

(3) Warrants

(4) Convertible bonds

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