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Q1. (10 marks) a) Discuss how limited liability company (LLC) is related to the other forms of organization. [5 points] b) Is the use of

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Q1. (10 marks) a) Discuss how limited liability company (LLC) is related to the other forms of organization. [5 points] b) Is the use of restrictive covenants in debt agreements an effective way to reduce conflicts between stockholders and debtholders? Explain. [5 points]

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