Question

and state two features of long term finance

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Answer 1

Answer:

• As an internal source, it is more dependable than external sources. It does not depend on the investors' preference and market conditions.

• Use of retained profit does not involve any cost to be incurred for raising the funds.

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Answer 2

Answer:

As an internal source, it is more dependable than external sources. It does not depend on the investors' preference and market conditions. 2. Use of retained profit does not involve any cost to be incurred for raising the funds,.