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1. What are some advantages and disadvantages of public companies, compared to other forms of business organizations? What is agency problem, or, conflict of interest

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1. What are some advantages and disadvantages of public companies, compared to other forms of business organizations? What is agency problem, or, conflict of interest between shareholders and managers? Give some real-life examples? What are nominal interest rate and real interest rate? Why are they usually different? Is real interest rate always smaller

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