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Basic Question 12 of 18

Which items are included as costs of financial distress?

I. bankruptcy costs
II. agency costs of debt
III. forgone investment opportunities
IV. reputational risk

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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

explain the Modigliani-Miller propositions regarding capital structure

CFA® 2024 Level I Curriculum, Volume 2, Module 6.