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24. Agency problem (Principal-agent problem) arises when A. the shareholders and the manager have different objectives B. the bondholders and shareholders have different objectives. C.

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24. Agency problem (Principal-agent problem) arises when A. the shareholders and the manager have different objectives B. the bondholders and shareholders have different objectives. C. The firm is unable to open a new agency. D. A and B E. A, B, and C

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