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Business, 09.12.2021 02:50 jordanfvest

Shareholders sometimes pursue selfish strategies when financial distress is present. These actions generally result in: Multiple Choice agency costs to bondholders. investments with risks similar to those of the current firm. undertaking scale-enhancing projects. lower agency costs, as shareholders have more control over the firm's assets. no action by debtholders since these are shareholder concerns.

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