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Agency costs refer to a the total dividends paid to stockholders over the lifetime of a firm. b the costs that result from default and

Agency costs refer to

a

the total dividends paid to stockholders over the lifetime of a firm.

b the costs that result from default and bankruptcy of a firm.

C

corporate income subject to double taxation.

D

the costs that arise due to conflicts of interest between shareholders and managers

E

the total interest paid to creditors over the lifetime of the firm.

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