a. Financial slack means having cash in the bank or ready access to the debt markets. b.
Question:
b. Financial slack is most valuable to firms with few investment opportunities.
c. Managers with excessive financial slack may be tempted to spend it on poor investments.
True or false?
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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