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Q2. Why is a preference share called a hybrid security? Do you agree that it combines the worst features of ordinary shares and bonds? (1

Q2. Why is a preference share called a hybrid security? Do you agree that it combines the worst features of ordinary shares and bonds? (1 Mark)- Ch 15

Q3. What is financial distress? How does it affect the value of firm? (1 Mark)- Ch 16

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