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anushaz06 anushaz06
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3 years ago
If a company is near bankruptcy and shareholders approve a long-shot project with a negative NPV this is an example of

▸ a direct cost of financial distress.

▸ an indirect cost of financial distress.

▸ an agency benefit of debt.

▸ an agency cost of debt.
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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jamesbovejamesbove
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3 years ago
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anushaz06 Author
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3 years ago
Brilliant ツ
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Just got PERFECT on my quiz
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This site is awesome
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