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Read each of the following statements carefully and explain briefly why you would agree or disagree with it. Give specific reasons for your answers. 9.

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Read each of the following statements carefully and explain briefly why you would agree or disagree with it. Give specific reasons for your answers. 9. The investors should expect a higher return on a convertible bond than on a callable bond, 10. Working capital involves the financing of short-term operating assets like inventories, accounts receivable etc. These assets should be funded only with short-term borrowing

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