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Define what is meant by an agency relationship and clearly explain what an agency problem is. Use a real life example to demonstrate your understanding

Define what is meant by an agency relationship and clearly explain what an agency problem is. Use a real life example to demonstrate your understanding iii) Name three investment rules. Detail the mechanics for each of these rules and compare their advantages and disadvantages. Finally, tell us which rule you personally prefer and why. Please answer as detailed as possible thanks

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