1. When would we use a project beta rather than a firm beta? Click here to enter text. (1 Mark) 2. In your own words describe the agency problem and discuss one way we can reduce the agency problem in public companies. Click here to enter text. (2 Marks) 3. How do standard deviation and beta differ as measures of risk, and when would we rely on standard deviation as opposed to beta? Click here to enter text. -54