3.7 a. Briefly explain why from the shareholders perspective it is desirable for corporations to maximize NPV.

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3.7

a. Briefly explain why from the shareholders’ perspective it is desirable for corporations to maximize NPV.

b. What assumptions are necessary for this argument to be correct?

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Corporate Finance

ISBN: 9780071229036

6th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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