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Which of the following statements is not true? A.In the extreme case, the debt holders take legal ownership of the firm's assets through a process
Which of the following statements is not true? A.In the extreme case, the debt holders take legal ownership of the firm's assets through a process called bankruptcy. B.An important consequence of leverage is the risk of bankruptcy. C.After a firm defaults, debt holders are given certain rights to the assets of the firm. D.Shareholders expect to receive dividends and the firm is legally required to pay them E.A firm that fails to make the required interest or principal payments on debt is in default.
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