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Which of the following reasons causes bonds to be a less expensive form of capital for a public firm than the issuance of common stock?
Which of the following reasons causes bonds to be a less expensive form of capital for a public firm than the issuance of common stock? Bondholders: A) bear less risk than common stockholders bear. B) have prior voting rights over common stockholders. C) receive greater returns than common stockholders. D) investors pay a lower tax rate on bond interest
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