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16. Which of the following statement(s) is/are false? I. Shareholder wealth maximization should be a key goal of the managers. II. Analyst Jenny estimated a
16. Which of the following statement(s) is/are false? I. Shareholder wealth maximization should be a key goal of the managers. II. Analyst Jenny estimated a stock intrinsic price to be $55 while it is trading at $60. According to Jenny, this stock is undervalued. III. Trader Jenny purchased 500 shares of a stock at $60 in the NYSE. This is an example of a secondary transaction. a. I only d. I and III only b. II only e. None of the above choices c. III only
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