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The question contains some statements followed by some conclusions.Decide which of the given conclusions logically follow from the given statements, disregarding commonly known facts.
Statements:
(a) All shares are debentures.
(b) No debenture is an equity.
Conclusions
I. No equity is a share.
II. Some debentures are shares.
III. No share is an equity.

Only I follows
Only II follows
All follow
Only III follows.
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