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1-Discuss some of the techniques available to reduce risk exposures? 2- why might stockholders be indifferent to whether or not a firm reduces the volatility

1-Discuss some of the techniques available to reduce risk exposures?

2- why might stockholders be indifferent to whether or not a firm reduces the volatility of its cash flows?

3- why do creditors usually accept a plan for financial rehabilitation rather than demand liquidation of the business?

4- what key issues must managers face in the financial distress process?

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