Question Can a PSU with correct output voltages still be bad?

BlueAgave

Honorable
Dec 14, 2014
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I just tested my power supply 20+4pin connector and CPU connector with a multi-meter and got all the correct voltages. Can it still possibly be bad?

I'm having a no boot problem and I'm not getting any error code beeps and I've tried a new MB and CPU already.
 

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