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Please answer the following questions relating to long-term debt (corporate bonds) financing: a) Define what is a call feature. Also explain two reasons why a

Please answer the following questions relating to long-term debt (corporate bonds) financing:

a) Define what is a call feature. Also explain two reasons why a firm would decide to call their debt issue.

b) List and explain two advantages and two disadvantages of long-term debt (corporate bonds) financing.

c) Explain one reason why preferred stock is similar to long-term debt (corporate bonds).

A fast response would be appreciated.

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