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A company is said to be in financial distress if it is not fully exploiting the interest tax shield it needs to raise capital to
A company is said to be in financial distress if
it is not fully exploiting the interest tax shield
it needs to raise capital to finance a new project
it has difficulty meeting its debt obligations
its cost of equity capital exceeds its cost of debt capital
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
2nd Edition
0073530638, 9780073530635
