Which of the following does not describe pure equity? Select one: a. The amount of...
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Accounting
Which of the following does not describe pure equity?
Select one:
a. The amount of annual payments is not fixed.
b. In the case of bankruptcy, equity investors are among the first to receive assets from the firm.
c. The initial investment amount does not have to be paid back to the investor.
d. Annual payments to investors are optional.
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