Given a lack of traditional indicators of quality, analysts will turn to secondary information sources as the indicators of the underlying quality of risky firms.

Question

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When traditional indicators of quality are lacking, analysts will have to rely on secondary sources such as news articles, industry reports, and expert opinions to assess the quality of a risky firm. These sources can provide valuable insights into the company's performance, management style, and market position, among other factors, which analysts can use to make informed decisions about investing or lending to the firm.

Given a Lack of Traditional Indicators of Quality, Analysts Will