1. The measure of shareholder wealth

According to finance theory, firms should attempt to maximize the _________ (short-term or long-term) the long-term price of the firms common stock. The benefit to this objective is that it provides the best financial outcome for the firms _______ (owners or creditors) . **side note: I think this question has a typo with long-term being added in twice

To expand his portfolio, Jorge recently purchased 400 shares of common stock in the American Power Corporation, a utility firm in Georgia. The current market price of APCs common stock is $27.50 per share. Jorges total wealth from his investment in American Power Corporation is _______ ($19,250 or $7,150 or $12,650 or $11,000.00).

Two years have passed since Jorge purchased his 400 common shares in the American Power Corporation. The market price of the companys shares is now $17.88 per share. As a result, Jorges wealth from his investment in APC has ______ (not changed, increased, or decreased) by _______ ($2,963.60 or $6,734 or $2,501.20 or -$3,848.00) assuming that everything else remains constant.