Describe how managers whose firms have debt outstanding and, Corporate Finance

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Describe how managers whose firms have debt outstanding and

1. Describe how managers whose firms have debt outstanding and face financial distress, could jeopardize the investments of creditors with the "games" of asset substitution and underinvestment.

2. Differentiate between direct and indirect costs of bankruptcy. Which of the two is generally more significant?

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Corporate Finance: Describe how managers whose firms have debt outstanding and

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Corporate Finance: Describe how managers whose firms have debt outstanding and

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