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Answer the following questions regarding the goal of finance and agency. (a)The CEO of the company is an agent of the shareholders (the principal). Appraise

Answer the following questions regarding the goal of finance and agency.

(a)The CEO of the company is an agent of the shareholders (the principal).

Appraise the claim that since the CEO of a company owns 55% of the shares of a company there is no agency problem.

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