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Calistoga Combines is a publicly owned firm. In order to best serve shareholders, its primary operating goal should be to _____. a. use a well-structured
Calistoga Combines is a publicly owned firm. In order to best serve shareholders, its primary operating goal should be to _____. a. use a well-structured managerial compensation package to reduce conflicts that may exist between stockholders and managers b. maximize managers' own interests, which are by definition consistent with maximizing shareholders' wealth c. maximize the firm's expected EPS, which must also maximize the firm's price per share d. minimize the firm's risks because most stockholders dislike risk. In turn, this will maximize the firm's stock price e. to attempt to maximize the current stock price than its intrinsic value
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