ich of the following statements is CORRECT?

Conflicts can exist between stockholders and managers, but potential conflicts are reduced by the

possibility of hostile takeovers.

For a stock to be in equilibrium, its intrinsic value must be greater than the actual market price.

A good goal for a firm's management is the maximization of expected EPS.

Most business in the U$.$S$.$ is conducted by corporations, and corporations' popularity results primarily from

their favorable tax treatment.

Corporations and partnerships have an advantage over proprictorships because a proprietor is exposed to

unlimited liability, but the liability of all investors in the other types of businesses is more limited$.$