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4) Please choose the term that best describes the following statements or examples Borrowers (firms) undertake more risks that lenders (bondholders) do not like Group

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4) Please choose the term that best describes the following statements or examples Borrowers (firms) undertake more risks that lenders (bondholders) do not like Group of answer choices Adverse selection Economies of scope Principal-agent problem Free-rider Moral hazard in bonds (debt) Asymmetric information

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