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19 June, 20:33

Represent a favorable source of meeting long-term financing needs because there are no interest payments, dividends, or underwriting fees required when using this source. secured bonds debentures warrants retained earnings

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  1. 19 June, 23:32
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    Retained earning is one such source for long-term financing needs of the company. It is accumulated over a long period and is favourable source in such case.
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