Read the following passage and choose the appropriate terms to complete the sentences

Dividend, expected return, financial assets, higher, lower, market value, opportunity cost of capital, real assets, shareholders

Shareholders want managers to maximize the ___________ of their investments. The firm faces a trade-off. Either it can invest its cash in ___________ or it can give the cash back to ____________

In the form of a(n) _____________ and they can invest it in __________. Shareholders want the company to invest in _____________ only if the ______________ is ___________________ than they could earn for themselves in equivalent risk investments. The return that shareholders could earn for themselves is therefore the ----------------- for the firm.