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a . Assume that you are a managing director of a company, generally instruct your accountants to prepare financial statements for the company's stakeholders. Who

a. Assume that you are a managing director of a company, generally instruct your accountants
to prepare financial statements for the company's stakeholders. Who are the main
stakeholders of the firm. Do these stakeholders really care about this information. Why or
why not? How does stock market react to announce of accounting information including
earnings and dividends?
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