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As the Bonnie is planning to list the company and raise equity capital for the expansion of business, you realized that they are concerned about

As the Bonnie is planning to list the company and raise equity capital for the expansion of business, you realized that they are concerned about achieving a higher price for their initial public offering. You believe that Bonnie should not focus on the current stock prices because doing so will lead to an overemphasis on short term profits at the expense of long term profits. Write a brief explanation (maximum 200 words) on how you would explain this to Bonnie and provide a justification for your argument.

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