Under financial distress, underinvestment problem is Choose the correct option 1. Tendency to reject projects...
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Accounting
Under financial distress, underinvestment problem is Choose the correct option 1. Tendency to reject projects even if they have positive NPV 2. Tendency to pay the creditors all the available funds and having none left for new projects 3. Tendency to pay dividends but not debt 4. Tendency to invest in high NPV projects only
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