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1)There are two types of agency cost: agency cost of equity and agency cost of debt. Explain each one of them. Use your own words

1)There are two types of agency cost: agency cost of equity and agency cost of debt. Explain each one

of them. Use your own words

2) Mr. Lampert was the chairman and the largest shareholder of Sears. Before Sears filed bankruptcy in

2018, it had lost sales and faced financial distress for a number of years. Describe potential agency

problems for Sears.

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