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The probability of financial distress Question 1 options: 1.Increases when the firm's debt to value ratio increases 2.decreases when the firm's debt to value ratio
The probability of financial distress
Question 1 options:
1.Increases when the firm's debt to value ratio increases
2.decreases when the firm's debt to value ratio increase
3.Increases when the volatility in the firm's operating cash flows increase.
4.Both A and C
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