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Assume we are a world that is not frictionless. Indeed, the real world is such a place. In this world, a firm may have difficulty

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Assume we are a world that is not frictionless. Indeed, the real world is such a place. In this world, a firm may have difficulty raising funds to fund a positive NPV project because too much of the project's payoff would go to investors other than the investors from who you are trying to raise the new money. O True O False

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