Business, 18.09.2019 06:00 Leeyah6606

We can imagine the financial manager doing several things on behalf of the firm’s stockholders. for example, the manager might do the following: increase the firm's market value by investing in real assets. modify the firm’s investment plan to shareholders achieve a particular time pattern of consumption. choose high- or low-risk assets to match shareholders’ risk preferences. balance shareholders’ checkbooks. however, in well-functioning capital markets, shareholders will vote for only one of these goals. which one will they choose?

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We can imagine the financial manager doing several things on behalf of the firm’s stockholders. for...

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