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    Mergers Acquisitions and Corporate Restructurings Study Set 1
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    Exam 12: Restructuring in Bankruptcy
  5. Question
    George and Hwang Found That Firms with High Distress Costs
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George and Hwang Found That Firms with High Distress Costs

Question 11

Question 11

Multiple Choice

George and Hwang found that firms with high distress costs had:


A) Lower leverage
B) Lower probabilities of default
C) None of the above
D) Both a and b

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