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Verbalize Ltd. is a public corporation that specializes in telecommunications such as cell phone services. Paul, the CEO of Verbalize Ltd., would like to generate

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Verbalize Ltd. is a public corporation that specializes in telecommunications such as cell phone services. Paul, the CEO of Verbalize Ltd., would like to generate funding to expand the business. Required: Explain to Paul, why Long-term loans are often better choice for financing for the company, than short-term debt or equity. (Provide 3 reasons)

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