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The company CEO of a heavily indebted company considers taking on a risky negative NPV project. In practice, the debtholders can best prevent this through
The company CEO of a heavily indebted company considers taking on a risky negative NPV project. In practice, the debtholders can best prevent this through 1 point a haircut. monitoring. increasing the CEO's salary. all of the above
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
