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QUESTION 20 4.55 pa Agency costs of equity arise due to conflicts of interest between...

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QUESTION 20 4.55 pa Agency costs of equity arise due to conflicts of interest between debtholders and stockholders. arise due to conflicts of interest between debtholders and managers. arise due to conflicts of interest between managers and stockholders. None of the other answer choices are correct. include the direct costs paid by stockholders to lawyers, accountants, financial advisers, etc., during bankruptcy

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