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11. Faced with nancial distress, which of the following may a firm do to transfer wealth from bondholders to stock holders? 1. Pay out a

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11. Faced with nancial distress, which of the following may a firm do to transfer wealth from bondholders to stock holders? 1. Pay out a large dividend 11. Take low risk projects 111. Issue new equity I only 11 only 111 only I and II II and III P150533

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