always remember thatv the agency cost only arises when there is a conflict of interest between the management personal interest and the shareholders benefit
in option a there is no management interest but the conflivt of interest between the shareholders benefit and the debtholders benefit
always remember thatv the agency cost only arises when there is a conflict of interest between the management personal interest and the shareholders benefit
in option a there is no management interest but the conflivt of interest between the shareholders benefit and the debtholders benefit