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Acting on behalf of its stockholders, a firm with a lot of risky debt in its capital structure may refuse to take certain positive NPV
"Acting on behalf of its stockholders, a firm with a lot of risky debt in its capital structure may refuse to take certain positive NPV projects that makes the firm safer."
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
