Question: 1 pt Question 10 Broadly speaking what is the difference between debt and equity? Equity implies partial ownership in the firm while debt is a
1 pt Question 10 Broadly speaking what is the difference between debt and equity? Equity implies partial ownership in the firm while debt is a liability to the firm. Equity has a higher claim than debt if the firm goes bankrupt. Dividends on equity are income tax deductible while interest on debt is NOT income tax deductible
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