These represent indirect costs of financial distress

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Which of these represent indirect costs of financial distress?

I. Court fees paid to a bankruptcy court

II. A firm's supplier requiring payment in cash rather than offering its normal credit terms

III. Cost of a manager's time spent renegotiating the terms of a debt to avoid bankruptcy

IV. Loss of a key employee concerned about job security and the future of the firm

I and II only

III and IV only

I, II, and III only

II, III, and IV only

I, II, III, and IV

Reference no: EM13971126

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