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1. Describe the current economic and financial condition we are facing today. How will the current economic and financial condition impact the future growth of the businesses? If you were raising funds from outside (today) to support the growth of a company, why would you use warrants in debt financing. Explain how your financing strategy will increase the wealth of the stockholders.

2. What is bankruptcy? What is the difference between liquidation and reorganization? What is the main benefit of reorganization.

3. What is a merger? How does a merger differ from other forms of acquisition.

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