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Staci Sutter is responsible for assigning a value to the stock of ProTech Incorporated that will soon be sold as an IPO. The financial information
Staci Sutter is responsible for assigning a value to the stock of ProTech Incorporated that will soon be sold as an IPO. The financial information Staci has been given suggests that the company is financially strong. Although she has not been able to validate the accusation, a friend of Stacy's sent her an e-mail that claims the financial figures provided by ProTech might paint a better financial picture than actually exists. Staci's concern has been inflated as the result of pressure from her boss to set a good price for the IPO. In addition, it has been reported (rumored) that Staci's boss is a friend (perhaps close) with the CEO of ProTech. Staci has completed her analysis based on the information she was provided by ProTech, and she is ready to assign a price to the company's stock. But, if the additional, unconfirmed information she has is correct, the price she sets might differ from what her analysis suggests. What should Staci do?
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The ethical dilemma in this scenario revolves around the potential conflict of interest and the integrity of the IPO pricing process Staci Sutter responsible for assigning a value to ProTech Incorpora...Get Instant Access to Expert-Tailored Solutions
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