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Please briefly explain to the Board 1) the usual collateral position of Bondholders (Lenders) versus Equity investors, 2) why common stockholders can demand a higher

  • Please briefly explain to the Board 1) the usual collateral position of Bondholders (Lenders) versus Equity investors, 2) why common stockholders can demand a higher rate of return than lenders, and 3) why you would suggest debt (or equity) financing.

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