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If a university's endowment fund value drops leading to falling earnings or income, the university...

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Accounting

If a university's endowment fund value drops leading to falling earnings or income, the university

a) can maintain scholarships out of the endowment fund's principal

b) will raise tuition to offset its falling endowment income

c) it most likelt to drop tuition rates

d) may need to cut scholarships to students

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