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The owners of a firm facing a high probability of bankruptcy prefer to invest in ____ projects, because ______. A safer; riskier projects make bankruptcy
The owners of a firm facing a high probability of bankruptcy prefer to invest in ____ projects, because ______.
A safer; riskier projects make bankruptcy more likely
B no new; the firm is likely to go bankrupt anyway
C risky; the shareholders have little to lose and might win if successful
D risky; creditors prefer taking a gamble rather than having the company default
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