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Problem 1: During liquidation, which is not true about Doctrine of Marshaling Assets?
(a) Partnership creditors, other than partners, have priority claims over partnership assets
(b) Partnership creditors can run after the personal assets of a deficient partner if that partner is a general partner and personally solvent
(c) Personal creditors of partners have priority claim over partner's personal assets
(d) None of the above
The company plans to continue paying a dividend indefinitely due to its 5% constant growth rate. What is the intrinsic value of the stock
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