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Question(s) / Instruction(s):

All of the following are advantages of debt financing except which one? a. interest is a tax-deductible expense b. it allows for the use of other peoples money in financing a business c. the cost of debt financing is cheaper than equity financing. d. it results in loss of ownership control of the business e. Owners do not have to share the potential gains of the business, since debt only requires repayment of the amount owed

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