Shareholders sometimes pursue selfish strategies when financial distress is present. These actions generally result in: Multiple Choice agency costs to bondholders. investments with risks similar to those of the current firm. undertaking scale-enhancing projects. lower agency costs, as shareholders have more control over the firm's assets. no action by debtholders since these are shareholder concerns.

About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.