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7.) Which of the following situations is most likely to present an example of agency costs of free cash flow? A) A manager of a

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7.) Which of the following situations is most likely to present an example of "agency costs of free cash flow"? A) A manager of a firm with excess cash holdings and weak corporate governance acquires a number of unrelated businesses to expand the size of her firm. B) A firm pays a special dividend to shareholders. C) A manager of a firm in a mature industry takes on leverage to finance a share repurchase. D) A firm in financial distress sells an underperforming division

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