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Why a bankrupt company is frequently in a position to become a low-cost competitor in its industry upon reorganization Describe some of the risks that

Why a bankrupt company is frequently in a position to become a low-cost competitor in its industry upon reorganization
Describe some of the risks that an investor might encounter investing in a financially troubled company?
After reading the chapter, please share your thoughts about investing in bankrupt companies, will you invest in them? Why? If you invest in them, which approach will you take: purchase stock, senior bonds, junior bonds? And why?

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