Each of the following is sometimes listed as a reasonable objective for a firm: (a) maximize profit

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Each of the following is sometimes listed as a reasonable objective for a firm:

(a) maximize profit (accounting income), (b) maximize sales (or share of the market), (c) maximize the value of a share of common stock t time periods from now, (d) ensure continuity of existence, (e) maximize the rate of growth, (f) maximize future dividends. Discuss each item and the extent of its relevance to the making of investment decisions.

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