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1-What are some advantages and disadvantages of top - down versus bottom - up investing styles? 2- Discuss the advantages and disadvantages of the following

1-What are some advantages and disadvantages of top - down versus bottom - up investing styles?

2- Discuss the advantages and disadvantages of the following forms of managerial compensation in terms of mitigating agency problems , that is , potential conflicts of interest between managers and shareholders .

a . A fixed salary .

b . Stock in the firm .

c . Call options on shares of the firm .

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