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Which of the following factors would cause a company’s gearing ratio to fall?
1    A bonus issue of ordinary shares.
2    A rights issue of ordinary shares.
3    An issue of loan notes.
4    An upward revaluation of non-current assets.
A    1 and 3
B    2 and 3
C    1 and 4
D    2 and 4

D

a

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....

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kk

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a

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a

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a

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d

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d

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A

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