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S1: The time value of money means that a peso today is not worth the peso tomorrow. S2: Agency problem exists when the managers won't

S1: The time value of money means that "a peso today is not worth the peso tomorrow". S2: Agency problem exists when the managers won't work for the owners unless it benefits the managers.

a. Both Statements are true

b. Both Statements are false

c. S1 True; S2 False

d. S2 True; S1 False

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