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Multiple Select Question Select all that apply Which of the following are important lessons that the finance world learned from the financial crisis? Firms financed
Multiple Select Question
Select all that apply
Which of the following are important lessons that the finance world learned from the financial crisis?
Firms financed mostly by debt can quickly become insolvent.
An absence of liquidity compromises the informational function of financial markets.
Credit rating agencies such as Moody's always provide accurate assessments of firms'
risks.
Agency problems can cause management to make decisions that do not align with
shareholder interest.
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