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Which of the following are examples of costs of financial distress? Select ALL that apply. Legal fees associated with bankruptcy or contract renegotiations Loss of

Which of the following are examples of costs of financial distress? Select ALL that apply.

Legal fees associated with bankruptcy or contract renegotiations

Loss of financial flexibility

Problems retaining or attracting talented employees

Receiving below-market prices for sold assets (i.e. fire-sales)

Loss of reputation among customers

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