Question: Firm A has this debt maturity profile: Year 1 - $25 million; Year 2 - $975 million; Year 3 $130 million. Firm B has this

 Firm A has this debt maturity profile: Year 1 - $25

Firm A has this debt maturity profile: Year 1 - $25 million; Year 2 - $975 million; Year 3 $130 million. Firm B has this debt maturity profile: Year 1 - \$15 million; Year 2 - \$75 million; Year 3 - \$110 million. Which firm has less financial flexibility? Firm A Firm B Both have the same Neither has any

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