Financial distress has an impact on the value of the firm by increasing

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Financial distress has an impact on the value of the firm by increasing

Financial distress has an impact on the value of the firm by increasing

▸ the probability that it may occur.

▸ its instability.

▸ the level of risk aversion of the investors toward the debt of the firm.

▸ all of the above

Textbook

Corporate Finance

Edition: 5^th

Author: Booth

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