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Using Altmans model you calculate that a firms Z-score is 0.3. This indicates that: Group...

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Finance

Using Altmans model you calculate that a firms Z-score is 0.3. This indicates that: Group of answer choices

a.The firm has a high probability to default in near future.

b.Altmans model has nothing to do with default probability since it is a credit-scoring model.

c.It indicates nothing-the firm is just as likely to default as it is likely to not default.

d.The firm will not default in the next year.

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