For which of the following firms would you expect the costs of financial distress to be highest?

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For which of the following firms would you expect the costs of financial distress to be highest? Explain briefly.
a. A computer software company that depends on skilled programmers to produce new products
b. A shipping company that operates a fleet of modern oil tankers
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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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