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Problem 5 . Which of the following is / are ( an ) advantage ( s ) of issuing public debt? I It avoids a
Problem Which of the following isare an advantages of issuing public debt? I It avoids a costly and timeconsuming reporting process avoids a costly issuing process III Leverage ratios of the firm are not affected.
aI only
bII only
cIII only
d All are advantages of issuing public debt
e None of the above are advantages of issuing public debt
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