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wasala18 wasala18
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A month ago
The equity holders of a firm in financial distress have an incentive:

▸ to forego maintenance.

▸ to accept risky projects that have some upside potential.

▸ A and B

▸ Neither A nor B, as these actions will reduce the overall value of the firm.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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kewell_10kewell_10
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A month ago
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