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The risk of the debt capital is less than that of other long-term contributors of capital because ________. they have the stockholders' personal assurance for
The risk of the debt capital is less than that of other long-term contributors of capital because ________.
they have the stockholders' personal assurance for all future interest paymentsthe tax-deductibility of interest payments lowers the debt cost to a firm substantiallythere is no interest rate risk as the interest rate is predetermined
they have a lower priority of claim against any earnings or assets available for payment
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