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Bankruptcy and financial distress costs

Question: When securities are fairly priced, why would the original shareholders of a firm pay the present value of bankruptcy and financial distress costs?

Papers should include a title page, writing, and a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Finance Basics: Bankruptcy and financial distress costs

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Finance Basics: Bankruptcy and financial distress costs

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