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Performance-based compensation packages: a. Help to reduce the agency conflict between shareholders and managers. b. Prevent bondholders from engaging in risky behavior. c.Help borrowers and
Performance-based compensation packages:
a. Help to reduce the agency conflict between shareholders and managers.
b. Prevent bondholders from engaging in risky behavior.
c.Help borrowers and lenders reach a mutually beneficial agreement.
d. Help ensure that managers work to maximize stock price.
e. More than one of the answers are correct.
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