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Which of the following statements correctly describe the costs of Financial distress? a- the probability of financial distress costs increase with increases in the firm's
Which of the following statements correctly describe the costs of Financial distress?
a- the probability of financial distress costs increase with increases in the firm's use of financial leverage.
b- they include both direct and indirect costs of financial distress.
c- they will reduce the firms value by the present value of these expected financial distress costs.
d- all the above.
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