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he cost of bankruptcy: a. Includes only the direct costs associated with the actual bankruptcy filing. b. Ignores all opportunity costs. c. Is minimal due
he cost of bankruptcy: a. Includes only the direct costs associated with the actual bankruptcy filing. b. Ignores all opportunity costs. c. Is minimal due to the regulated processes that have been established under the Bankruptcy and Insolvency Act. d. At least partially offsets the benefits of the interest tax shield. e. Is not affected by the level of the debt-equity ratio
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