Question: Broadly speaking what is the difference between debt and equity? Group of answer choices Equity implies partial ownership in the firm while debt is a

Broadly speaking what is the difference between debt and equity?

Group of answer choices

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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