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QUESTION B3 In order to expand, it is necessary for business owners to tap financial resources. Business owners can utilise a variety of financing resources,

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QUESTION B3 In order to expand, it is necessary for business owners to tap financial resources. Business owners can utilise a variety of financing resources, initially broken into two categories, debt and equity. Both funding sources can provide the business with the cash it needs, and each comes with benefits and drawbacks to consider Evaluate the above statement by fully discussing: (a) the key differences between debt and equity capital. (10 marks) (b) the pros and cons offered by debt and equity financing to a business

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