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An agency problem (principal-agent) arises when 1. the shareholders and the manager have different objectives 2. The bondholders and the shareholders have different objectives 3.
An agency problem (principal-agent) arises when
1. the shareholders and the manager have different objectives
2. The bondholders and the shareholders have different objectives
3. The firm is unable to open a new agency.
Select one:
A. 3 only
B. 1 only
C. 2 only
D. 1 and 2 only
E. 1, 2 and 3
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