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Problem:

General Motors (GM) declared bankruptcy in 2009 after years of declining sales. The federal government 'bailed out' GM, helping GM emerge from chapter 11 in a short time. Was this the only option available to GM?

Required:

Question: Was this an appropriate use of taxpayer money?

Note: Please solve the given numerical and provide appropriate solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91174797

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