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final answer please Question 14 Which one of the following is an example of a direct bankruptcy cost? Reducing the dividend payout ratio as a
final answer please
Question 14 Which one of the following is an example of a direct bankruptcy cost? Reducing the dividend payout ratio as a means of increasing a firm's equity Operating at a debt-equity ratio that is less than the optimal ratio Forgoing a positive net present value project to conserve current cash Incurring legal fees for the preparation of bankruptcy flings Losing a key customer due to concerns over a firm's financial viability Step by Step Solution
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