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High levels of leverage may induce managers to make inappropriate decisions, such as taking excessively risky projects to benefit shareholders. Costs associated with this problem

image text in transcribed High levels of leverage may induce managers to make inappropriate decisions, such as taking excessively risky projects to benefit shareholders. Costs associated with this problem is called Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a agency costs b tax shields c transaction costs

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