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A principal agent problem could potential arise from which of the following relationship? a) A manager acts on behalf of the shareholders. b) A fund

A principal agent problem could potential arise from which of the following relationship?

a) A manager acts on behalf of the shareholders.

b) A fund manager make investment decisions for his/her clients.

c) A bank lends to its clients.

d) A trader works for an investment bank.

1

a, b, c, d

2

a, b, c

3

a, b

4

b

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