While Difficult to Determine Exactly, Studies That Have Examined Direct

question 43

Multiple Choice

While difficult to determine exactly, studies that have examined direct costs of financial distress put an estimate in the range of _____ of the firm's market value.

• A) 1% to 3%
• B) 3% to 5%
• C) 5% to 7%
• D) 7% to 9%