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Hey i want solution as soon as possible According M&M, what are 'bankruptcy costs' and why does the presence of bankruptcy costs make a company

Hey i want solution as soon as possible

  1. According M&M, what are 'bankruptcy costs' and why does the presence of bankruptcy costs make a company with high debt levels riskier?
  2. In the current 'real-world' setting, explain how capital structure can maximise shareholder value.

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