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Question 3 A firm plans to issue bonds to finance its expansion. (a) Discuss the agency conflict between the shareholders and the bondholders by relating

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Question 3 A firm plans to issue bonds to finance its expansion. (a) Discuss the agency conflict between the shareholders and the bondholders by relating to any two (2) of such conflicts. (10 marks) (b) Identify two (2) ways to mitigate such conflicts. 10 marks)

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