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m defaults on its debt, debt holders often receive less han 50% of the amount they are owed is he difference between the amount debt
m defaults on its debt, debt holders often receive less han 50% of the amount they are owed is he difference between the amount debt holders are owed and the amount they receive a cost of bankruptcy? When a (Select the best answer below.) o A. Yes, debt-holder loss is a cost of bankruptcy. O B. No, only loss in excess of the economic loss that would have occurred whether or not the firm was bankrupt is a cost of bankruptcy. O C. No, only loss in excess of what was expected is a cost of bankruptcy D. No, there is no cost of bankruptcy
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