Problem 18 Which type of firm would be least benefited by hedging? a. A financially whose shareholders hold large diversified portfolios b. A firm which is otherwise likely to take excessive risk due to being close to bankruptcy C. A financial constrained firm with attractive growth opportunities d. A firm that has valuable private information indicating the future price direction

Which type of firm would be least benefited by hedging? a. A financially whose shareholders hold large diversified portfolios b. A firm which is otherwise likely to take excessive risk due to being close to bankruptcy c. A financial constrained firm with attractive growth opportunities d. A firm that has valuable private information indicating the future price direction